Morocco plans to suspend customs duty on soft wheat on August 1, traders say

RABAT: Morocco plans to suspend its customs duty on soft wheat on ​August 1 to allow for the resumption of imports as it seeks to bolster stockpiles, the heads of the country’s national millers federation (FNM) and grain traders federation (FNCL) said. Authorities introduced a customs duty at 135 percent from June ‌1 to July ‌31 to deter ​imports ‌and ⁠prioritize ​marketing of ⁠the local harvest, FNM head Moulay Abdelkader Alaoui and the FNCL’s Omar Yacoubi told Reuters by phone.

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