Morocco, Biggest EU Wheat Outlet

Morocco became the biggest importer of European Union wheat, in 2022/23, as Black Sea competition curbed the sales to other destinations due to the Russia-Ukraine conflict, wrote Reuters.
Morocco became a bigger-than-usual outlet for EU wheat and has overtaken Algeria as the bloc’s top destination due to increasing import needs after a drought-hit harvest last year.
“Morocco plans to bring in another 1.5 million tons of soft wheat over March-May, and importers are expected to stick to EU supplies given logistical and financial risks for Ukraine and Russian grain,” said Yann Lebeau of French grain industry group Intercereales.
Steady demand from Morocco helped France to sell most of a non-EU export surplus estimated at just over 10 million tons, added Reuters.