Morocco’s Competition Council issued a statement today, December 30, explaining the reasons behind the recent rise in cooking oil prices in the country.
According to the council, a study was conducted at the request of the House of Representatives.
In a recent study, it was shown that the increase in the price of cooking oil can be accounted for by two factors: the structure of the national market and the increases in raw material prices in the international market.
Moroccan oil is almost entirely imported from the international market at 98.7%, indicating a structural shortfall in Moroccan oilseed production, the council said.
In the oilseed sector, local production contributes only 1.3%.
Only two oilseed processing companies extract raw vegetable oils from oilseeds: Lesieur Crystal, which has an industrial unit in Casablanca, and Souss Belhassan, which has a unit in Ain Taoujdat, which is located near Fez.
The council noted that Morocco receives crude vegetable oils from three groups, including the European Union.
According to the council, oil prices have recently increased due to ongoing disruptions in the global supply chain.
“The severity of the recent increases in the prices of raw materials increased as a result of the increase in the costs of shipping and transporting goods at the international level,” it said.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.