Morocco Expects Rising Prices of Food and Basic Goods to Continue
-
Loading... - Viola Bertoni
- 08 Apr 2022
- 354 Views
- 0 Like
- 0 Comment
Morocco’s government Spokesperson Mustapha Baitas acknowledged today that soaring increases in the prices of food and basic products prices are set to continue.
While Morocco does not suffer a shortage in basic products, the North African country will continue to experience price increases, Baitas said.
The government spokesperson made his remarks in the weekly press conference after the weekly cabinet meeting held in Rabat today.
He emphasized that King Mohammed VI gave instructions to the government in October to work on an approach to preserve national food stocks.
“The situation [regarding price increases] in October was ‘normal’ before costs of food and basic products jumped horrifically” Baitas argued.
Baitas attributed the situation to the global context, citing the ongoing war in eastern Europe between Ukraine and Russia.
Baitas said that some people do not see how such a conflict could affect Morocco.
“The impact of this conflict on Morocco is true,” Baitas argued, emphasizing that the region experiencing the crisis is a strategic hub for global food production.
Baitas referred to Russia and Ukraine’s prominent role in supplying many countries with basic materials including vital food.
Moroccans have been denouncing the increase in food and fuel prices.
The price of red and green peppers jumped from MAD 5 ($0.5) to between MAD 10 and 20 ($1-2), overwhelming citizens with low and average levels of purchasing power.
Fuel prices, including diesel prices, reached MAD 15 ($1.5) per liter, a first in the North African country. Diesel prices were estimated between MAD 8 and 9 ($0.8-0.9) before the current economic shock. Read More...
