Morocco launches soft wheat import rebate for early 2026
Morocco has implemented a rebate system for milling soft wheat imports from January to April 2026, as outlined in a circular from the National Interprofessional Office for Cereals and Legumes (ONICL). This initiative, driven by the ministries of economy, finance, and agriculture, aims to stabilize domestic supply and curb price fluctuations amid turbulent global grain markets.
The program targets shipments loaded between January 1 and April 30, offering eligible operators a flat-rate premium calculated monthly. It covers wheat imported by authorized entities such as cereal traders, agricultural cooperatives, their unions, and industrial flour mills. To qualify, importers must provide a bill of lading verifying the loading date, with exceptions for recognized force majeure cases allowing post-deadline cargoes to receive April's rate.
The premium reflects the gap between an average landed cost at port exit and a benchmark price of MAD 270 per quintal. This cost draws from FOB prices and freight for the two cheapest origins among Germany, Argentina, France, and the United States, incorporating handling fees, approach costs, and a fixed MAD 22.5 margin per quintal. Data comes from FranceAgriMer and the International Grains Council, with smoothing rules for wide price disparities between origins.
An interministerial commission convenes before the third working day of each month to determine the next month's premium based on prior data. Importers commit via a standard annex to supply the wheat solely to industrial mills, declaring deliveries to ONICL. Undelivered volumes require aid repayment, and support must translate into lower selling prices for mills and the local market.
ONICL enforces oversight through its electronic portal for quantity declarations. Payments occur in one installment per receipt upon complete file submission by December 31, including commitments, bills of lading, invoices, import certificates, and proofs. Late filings face rejection absent force majeure approval. This structured support adapts to monthly international price shifts, bolstering supply security and consumer price stability in the first quarter.
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