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Finance & Economy

Morocco, 5th largest producer of olive oil

Morocco will reach a production of 140,000 tonnes of olive oil. It will thus be the fifth largest producer in the world. Spain will be the largest producer of olive oil with 1,510,000 tonnes, or 49% of world production, with Italy in second place with production of 280,000 tonnes (9%). …

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S&P downgrades Morocco’s rating

The Standard & Poor’s rating agency downgraded Morocco to BBB- with a negative outlook in its last assessment. In October 2019, the Kingdom’s rating was BBB- with a stable outlook, recalls S&P. Morocco’s outlook has been revised to “negative” due to increased debt and external needs during the Covid-19 pandemic, …

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Morocco: 57% drop in cereal production

The Department of Agriculture’s Strategy and Statistics Branch conducted a survey on grain yields among producers. It shows that the final production of the three main cereals for the 2019-2020 season has fallen by 57%. The area sown for this 2019-2020 cereal season is estimated at 4.34 million Ha. These …

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