Prices of red meat in Morocco are witnessing a skyrocketing increase, signaling a looming crisis with the arrival of Eid al-Adha. It is expected that prices will reach up to 160 Moroccan Dirhams per kilogram, attributed to several factors, most notably the crisis facing Morocco in this regard, weak interest in imports, in addition to the complexity of the approved subsidy book and weak support for farmers.
A reliable source confirmed to a media outlet that prices of red meat will see a noticeable increase in the coming days, likely reaching 160 Moroccan Dirhams per kilogram by the time of Eid al-Adha. This poses a heavy burden on Moroccan consumers, especially amidst the difficult living conditions.
Professionals in the red meat sector attribute the price hike to weak interest in imports, where imports cover only a small percentage of the national market’s needs, despite government measures related to suspending tax duties.
They also consider the complexity of the approved subsidy book and the weak support for farmers as major factors contributing to the rise in meat prices.
They call for abandoning the current subsidy book and replacing it with a flexible subsidy book. They also advocate for granting import licenses to all stakeholders in the livestock sector, rather than restricting it to companies, brokers, and speculators.
Professionals in the sector believe that addressing the subsidy book’s complexity is the only measure that will gradually lead to a decrease in meat prices. They propose other solutions, such as:
- Supporting farmers: By providing financial credits to assist them in purchasing fodder and improving livestock breeding conditions.
- Encouraging imports: By simplifying import procedures and easing restrictions imposed on importers.
- Combating speculation: By tightening control over markets and combating speculators who manipulate prices.
They emphasize that importation is merely a temporary solution that will never yield effective results and will not lead to abundance. They call for a comprehensive review of the entire system by supporting domestic production, improving livestock breeding conditions, updating the subsidy book, and encouraging investment in this sector.
The crisis of rising red meat prices in Morocco raises concerns for both consumers and the government alike, requiring a comprehensive solution through a thorough review of the entire system and the provision of effective solutions to ensure the availability of meat at affordable prices for citizens.
Source: Fez News Media