Association of FEED Manufacturers to allow national operators to intervene in the futures market
Meknes - national operators should bve allowed to intervene in the futures market (crisis management) to mitigate the impact of fluctuations in the world market for raw feed materials, said, President Association of Feed Manufacturers (AFM), Noureddine Karim on Thursday in Meknes.
Source : https://www.marocafrik.com/english/Association-of-...
The manufacturers of these materials should dampen prices seeking alternative food as secondary feed cake, soya hulls, feed wheat, grains and grain by-products, according to Karim, who was speaking at a Conference on Agricultural Marketing, held in the International Exhibition of Agriculture of Morocco (SIAM) which runs from April 24 to 28 in Meknes under the theme of agricultural trade.
It should also allow access to all the ingredients with the base as tax neutrality and develop incentives to integrate sectors of animal production and livestock, said the speaker, whose title of his presentation was the variability of commodity prices and its impact on the local market for animal feed in Morocco.
Price variability particularly concerns cereals, affecting consumption in emerging countries, he said, adding that the price spikes of grain took place in 2007-2008 and 2011-2012.
These prices have risen because of the growing imbalance between supply and demand, he explained, noting that the price of food dairy cow increased from 2,591 DH / tonne in March 2012 to 2992 DH / t in August 2012, while the price of chicken feed has jumped 3,390 DH / t to 4138 DH / t.
According to Karim, maintaining the equilibrium prices of these raw materials in the world can only be achieved by avoiding distortions by varying rates of customs duties and VAT.
He referred in this context to the problem of the deadline, which can be the equivalent of two years for some companies. The deadline requires an undertaking, subject to different rates for upstream and downstream, to have a permanent VATcredit which is sometimes infinite.
For his part, Devico Mardouché CEO of Conserves Meknes, stressed the importance of rethinking the costs of producing olive oil for export, believing that we can be competitive in export provided we control the local market.
According Mardouché, successful export of olive oil depends on the development of techniques for improving the quality, the use of marketing techniques and reviewing the cost of production.
He noted in this regard, that Morocco annually imports 400,000 tons of edible vegetable oil, 5 billion dirhams, then he should think independence in this basic raw material.
It should also allow access to all the ingredients with the base as tax neutrality and develop incentives to integrate sectors of animal production and livestock, said the speaker, whose title of his presentation was the variability of commodity prices and its impact on the local market for animal feed in Morocco.
Price variability particularly concerns cereals, affecting consumption in emerging countries, he said, adding that the price spikes of grain took place in 2007-2008 and 2011-2012.
These prices have risen because of the growing imbalance between supply and demand, he explained, noting that the price of food dairy cow increased from 2,591 DH / tonne in March 2012 to 2992 DH / t in August 2012, while the price of chicken feed has jumped 3,390 DH / t to 4138 DH / t.
According to Karim, maintaining the equilibrium prices of these raw materials in the world can only be achieved by avoiding distortions by varying rates of customs duties and VAT.
He referred in this context to the problem of the deadline, which can be the equivalent of two years for some companies. The deadline requires an undertaking, subject to different rates for upstream and downstream, to have a permanent VATcredit which is sometimes infinite.
For his part, Devico Mardouché CEO of Conserves Meknes, stressed the importance of rethinking the costs of producing olive oil for export, believing that we can be competitive in export provided we control the local market.
According Mardouché, successful export of olive oil depends on the development of techniques for improving the quality, the use of marketing techniques and reviewing the cost of production.
He noted in this regard, that Morocco annually imports 400,000 tons of edible vegetable oil, 5 billion dirhams, then he should think independence in this basic raw material.
Source : https://www.marocafrik.com/english/Association-of-...