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Home » Headlines » Morocco Blames Ramadan Price Increases on Climate Conditions

Morocco Blames Ramadan Price Increases on Climate Conditions

Morocco’s Interministerial Commission in charge of monitoring supply, prices, and control operations has reassured citizens about the abundance and diversity of supplies in Markets across the country in the first two weeks of this year’s Ramadan.

Safaa KasraouibySafaa Kasraoui
Mar, 29, 2024
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Morocco Blames Ramadan Price Increases on Climate Conditions

Morocco Blames Ramadan Price Increases on Climate Conditions

Rabat – Morocco’s Interministerial Commission in charge of monitoring supply, prices, and control operations has reassured citizens about the abundance and diversity of supplies in Markets across the country in the first two weeks of this year’s Ramadan. 

The committee held a meeting to discuss supply operations on Wednesday, according to a press release from the Directorate of Competition, Prices, and Compensation released on the third meeting of the commission on Thursday.

“The esports provided by the relevant services, which monitor the market situation daily, have revealed that they are well-supplied and offer an abundance and variety of consumer products during the first two weeks of this sacred month, with the available stock level of basic products covering national needs for several months,” the press release said.

At the end of the second week of Ramadan, prices experienced a downward trend for certain products like spices and legumes due to the return of demand for these products to normal levels after the significant influx observed at the beginning of Ramadan.

Prices of white meat, fish, and certain types of fruits continued to decline, reaching up to 8%, the statement detailed.

Meanwhile, prices for other products such as flour and its derivatives, table oils, and butter, remained stable in the short term and remained significantly lower than prices in the same period last year.

“This situation is due to the decline in international prices of these products, many of which are imported to meet national needs,” the press release added.

In addition, the committee acknowledged increases recorded during the second week of Ramadan for vegetables, especially tomatoes.

Tomato prices rose from MAD 5 at the beginning of Ramadan to MAD 8.5 per kilogram by the end of the second week of the holy month, with levels exceeding MAD 10 in some markets across Morocco.

This situation can be attributed to seasonal fluctuations due to several factors, including increasing demand, harvest periodicity, and climate conditions, the committee said, noting that vegetable prices remain low compared to prices during the previous Ramadan.

Tags: food pricesramadan
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