AGL 36.58 Decreased By ▼ -1.42 (-3.74%)
AIRLINK 215.74 Increased By ▲ 1.83 (0.86%)
BOP 9.48 Increased By ▲ 0.06 (0.64%)
CNERGY 6.52 Increased By ▲ 0.23 (3.66%)
DCL 8.61 Decreased By ▼ -0.16 (-1.82%)
DFML 41.04 Decreased By ▼ -1.17 (-2.77%)
DGKC 98.98 Increased By ▲ 4.86 (5.16%)
FCCL 36.34 Increased By ▲ 1.15 (3.27%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.08 Increased By ▲ 0.69 (4.21%)
HUBC 126.34 Decreased By ▼ -0.56 (-0.44%)
HUMNL 13.44 Increased By ▲ 0.07 (0.52%)
KEL 5.23 Decreased By ▼ -0.08 (-1.51%)
KOSM 6.83 Decreased By ▼ -0.11 (-1.59%)
MLCF 44.10 Increased By ▲ 1.12 (2.61%)
NBP 59.69 Increased By ▲ 0.84 (1.43%)
OGDC 221.10 Increased By ▲ 1.68 (0.77%)
PAEL 40.53 Increased By ▲ 1.37 (3.5%)
PIBTL 8.08 Decreased By ▼ -0.10 (-1.22%)
PPL 191.53 Decreased By ▼ -0.13 (-0.07%)
PRL 38.55 Increased By ▲ 0.63 (1.66%)
PTC 27.00 Increased By ▲ 0.66 (2.51%)
SEARL 104.33 Increased By ▲ 0.33 (0.32%)
TELE 8.63 Increased By ▲ 0.24 (2.86%)
TOMCL 34.96 Increased By ▲ 0.21 (0.6%)
TPLP 13.70 Increased By ▲ 0.82 (6.37%)
TREET 24.89 Decreased By ▼ -0.45 (-1.78%)
TRG 73.55 Increased By ▲ 3.10 (4.4%)
UNITY 33.27 Decreased By ▼ -0.12 (-0.36%)
WTL 1.71 Decreased By ▼ -0.01 (-0.58%)
BR100 11,987 Increased By 93.1 (0.78%)
BR30 37,178 Increased By 323.2 (0.88%)
KSE100 111,351 Increased By 927.9 (0.84%)
KSE30 35,039 Increased By 261 (0.75%)

Morocco's state grain agency ONICL has approved the import of 1.2 million tonnes of soft milling wheat over the period September 16-December 31, it said on Tuesday. Licenses to import the wheat have been issued to 20 grain trading houses including Gromic, Izda, Millex and Casagrains, ONICL said in a statement.
A leading grain trader said that after the 1.2 million tonnes have been procured, there would be no more imports of soft wheat before the end of the year. "This 1.2 million tonnes is enough to cover the needs of the domestic market in soft wheat," the trader said.
Morocco, the world's tenth-biggest wheat importer, saw its harvest this year slashed by bad weather to 7.46 million tonnes from a record 10.2 million tonnes last year. The government said last month it will cancel customs duty on imports of soft wheat from September 16 to December 31, a step it takes regularly when it wants to encourage grain imports.
Morocco's grain agency does not itself issue international tenders to import cereals, but instead awards licenses to local grain traders to import the wheat. The grain trader said that instead of its usual practice of tendering for the best offer from local traders, on this occasion ONICL awarded the import licenses on a first-come-first-served basis.
Two other industry sources said this was designed to speed up the process and appease local traders, who had said the government was slow to scrap import tariffs and failed to give a clear picture of its import plans. Economic and General Affairs Minister Nizar Baraka told Reuters last week Morocco will launch tenders to import 1.2 million tonnes of soft wheat before the end of December this year as part of plans to import 2 million tonnes of soft wheat by the next harvest.

Copyright Reuters, 2010

Comments

Comments are closed.