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Ministerial price monitoring committee says supply exceeds demand

The ministerial commission in charge of monitoring the situation of markets and prices, affirmed that the supply of raw materials on the national markets exceeded the level of demand. She also mentioned a drop in prices on many vegetables during the month of Ramadan, especially tomatoes.

A press release from the Ministry of Economy and Finance indicated that the ministerial commission responsible for monitoring the situation of supply and prices confirmed that the process of supplying the markets was continuing under the best conditions and covering the national needs during the month of Ramadan.

Stocks and needs have been covered for several weeks, even several months, in particular in agricultural products, the prices of which have risen in recent weeks, in particular tomatoes, onions and potatoes, is it underline.

The commission further noted that the next few days will see an abundance of these products especially thanks to the approach of the harvest season for spring crops, which will result in a drop in the prices of these widely consumed materials.

Durum wheat derivatives such as flour and semolina have recorded a drop in price since the start of Ramadan according to the same source, and other prices have remained “generally stable compared to the start of this holy month”.

The prices of a set of vegetables also experienced declines, the most significant of which was noted in the level of tomatoes, the price of which fell by more than 17% compared to the beginning of the holy month, the current national average price being 8.50 dirhams per kg, against 10.50 dirhams at the start of Ramadan, it is estimated.

As for onions, prices remain high, exceeding 15 dirhams per kg, and potatoes have remained stable at around 10.5 dirhams per kg, but still well above normal prices.

At the level of red meat, the government decided to stop the collection of customs duties as well as the tax applied to imports for cattle, which favored the import of calves, at 9,000 tonnes until 31 March.

These measures helped stabilize red meat prices at around 85 dirhams per kg for beef and 92 dirhams per kg for lamb.



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