The price of olive oil in Morocco reaches new heights

The price ofolive oil in Morocco reached peaks, approaching 120 dirhams per liter for the new harvest, and 100 dirhams on certain markets. This surge in prices worries consumer associations who fear an increase in fraudulent practices and the creation of monopolies. Olive oil is, in fact, a staple product of the Moroccan diet, and its current scarcity arouses desire.

Bouazza Kherrati, president of the Moroccan Federation of Consumer Rights, interviewed by Hespress, denounces the role of intermediaries who, according to him, cause an increase in prices well beyond that resulting from a limited supply, already impacted by droughts successive. However, he welcomes Morocco’s initiative to import olive oil from Brazil to diversify its sources of supply and counter speculation. Brazilian olive oil indeed offers more “reasonable” prices than that from Spain or Italy, countries also affected by the shortage.