Morocco's Onicl buys 260,000 T soft wheat in the local market
Rabat - Moroccan state grains agency ONICL said on Monday it had bought 260,000 tonnes of soft wheat at 2,582 to 2,800 dirhams ($320-$340) per tonne in the local market.
It was Morocco's second tender after a suspension of import duties for soft wheat, which runs from Jan. 1 to April 30. Morocco has also introduced a subsidy system to boost soft wheat imports to counter rising world prices over the same period.
The soft wheat will be used to produce subsidised flour, ONICL said. (Reporting By Aziz El Yaakoubi; editing by Jane Baird)
It was Morocco's second tender after a suspension of import duties for soft wheat, which runs from Jan. 1 to April 30. Morocco has also introduced a subsidy system to boost soft wheat imports to counter rising world prices over the same period.
The soft wheat will be used to produce subsidised flour, ONICL said. (Reporting By Aziz El Yaakoubi; editing by Jane Baird)
Source : https://www.emouaten.com/english/Morocco-s-Onicl-b...