Morocco's Cereals Harvest Expected to Double after Wet Winter

The previous harvest was 4.4 million tons, including 2.4 million tons of soft wheat (File Photo/AFP)
The previous harvest was 4.4 million tons, including 2.4 million tons of soft wheat (File Photo/AFP)
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Morocco's Cereals Harvest Expected to Double after Wet Winter

The previous harvest was 4.4 million tons, including 2.4 million tons of soft wheat (File Photo/AFP)
The previous harvest was 4.4 million tons, including 2.4 million tons of soft wheat (File Photo/AFP)

Moroccan grains traders and millers expect Morocco to double its cereals harvest this season after abundant winter rains, with limited impact from floods in the northwestern plains of the North African country, which is a major grains importer.

Industry leaders plan to add domestic wheat to strategic reserves this year "without compromising imports", said Moulay Abdelkader Alaoui, head of the federation of industrial millers FNM, who expects a domestic harvest of 6 million metric tons.

"We expect a good cereals harvest this year of 8 to 9 million tons, including around 5 million tons of soft wheat," Omar Yacoubi, head of Morocco's wheat trading federation FNCL, told Reuters. The previous harvest was 4.4 million tons, including 2.4 million tons of soft wheat.

Morocco traditionally cancels its wheat import subsidy and reinstates customs duties to protect the local harvest.

But this year importers, millers and traders have asked the government to extend the subsidy window to June 1, instead of May 1, to compensate for costs incurred due to bad weather.

Rainfall this winter was 34% above the 30-year average and triple the previous year's levels, while dam filling rates improved to 70% from about 25%, agriculture ministry data shows, while the total grain-planted area rose to 3.7 million hectares, from 2.6 million the year before.

Flooding in the fertile northwestern plains, which destroyed 110,000 hectares, had a "localized" impact, Yacoubi said, with wheat losses to be offset by higher yields in larger plains.

DELAYED SHIPPING

Large swells and storms since mid-December have disrupted port operations at Casablanca and Jorf Lasfar, which handle 80% of Morocco's wheat imports.

Shipping delays have weighed heavily on importers, even as international wheat prices remain below the subsidy eligibility threshold, Yacoubi said, adding that as of this week, 70 ships carrying 1 million tons of wheat were queued outside ports, leading to low stock levels.

Moroccan importers are paying about $20,000 per day for ships waiting offshore, pushing them to request an extension of the government subsidy programme.

Traditionally, only half of Morocco's harvest reaches industrial mills because small farmers retain wheat for their own use, but Alaoui said this year's plentiful rainfall should improve crop quality and encourage more collection.

French exporters expect to supply about two-thirds of Morocco's soft wheat import needs, or 3.5 million tons.

From June 2025 to January 2026, Morocco imported 7 million tons of grains, up 12% year-on-year, including 3.2 million tons of soft wheat.

During the same period, France topped Morocco's soft wheat suppliers with 2.26 million tons, followed by Argentina with 233,144 tons, Russia with 227,070 tons, Germany with 120,084 tons and the U.S. with 94,688 tons.



White House Releases List of Products US, China Could Tax Less

The White House is photographed, Sunday, Sept. 27, 2026, in Washington. (AP Photo/Allison Robbert)
The White House is photographed, Sunday, Sept. 27, 2026, in Washington. (AP Photo/Allison Robbert)
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White House Releases List of Products US, China Could Tax Less

The White House is photographed, Sunday, Sept. 27, 2026, in Washington. (AP Photo/Allison Robbert)
The White House is photographed, Sunday, Sept. 27, 2026, in Washington. (AP Photo/Allison Robbert)

The White House released Sunday lists of products that could benefit from lower tariffs under an arrangement with China affecting $30 billion in goods in each direction, without specifying the rates or timetable.

US President Donald Trump and his Chinese counterpart Xi Jinping concluded a summit on Friday, with their talks covering matters including trade.

The United States and China will review the lists "with a view toward providing reduced tariff treatment to those goods in a reciprocal manner," according to the terms released by the White House.

The US could reduce tariffs on 77 categories of Chinese goods including fireworks, Christmas ornaments, household goods and sports equipment, AFP reported.

China's import list includes more than 1,600 categories of American goods, including meats, grains, dairy, coal and timber.

The White House announced on Friday an agreement on "recommendations" for more favorable tariff treatment for these "non-sensitive goods," following Xi's visit to Washington.

Beijing confirmed the agreement on Saturday.

China also agreed to import at least 10 million metric tons of coal from the US in 2027 and 2028, the White House said.

Xi and Trump agreed to a trade truce last year during a meeting in South Korea, after a tit-for-tat fight that saw tariffs soar over 100 percent at one point.

The pact was originally due to expire in November but both sides have agreed to extend it until January 10, according to US Treasury Secretary Scott Bessent.


Oil Prices Spike after Trump Rejects Iran Truce Offer

Oil rigs operate in a field on the shores of the Caspian Sea in Azerbaijan's capital, Baku (Reuters)
Oil rigs operate in a field on the shores of the Caspian Sea in Azerbaijan's capital, Baku (Reuters)
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Oil Prices Spike after Trump Rejects Iran Truce Offer

Oil rigs operate in a field on the shores of the Caspian Sea in Azerbaijan's capital, Baku (Reuters)
Oil rigs operate in a field on the shores of the Caspian Sea in Azerbaijan's capital, Baku (Reuters)

Oil prices spiked with bond yields Monday as Donald Trump's rejection of an Iranian offer of a seven-day truce stoked inflation concerns, while stocks were mixed as traders look ahead to the release of key US data.

Tehran last week set out a plan at the UN General Assembly for a halt in hostilities that would see the Strait of Hormuz reopened, which would ease a crippling supply crisis that has jacked up costs around the world, said AFP.

The waterway is key to the world's energy supply and is now central to the conflict between the US and Iran, particularly with Houthis seizing Yemen's entire Red Sea coast, including the Bab al-Mandab Strait, a vital shipping lane.

However, the US president told reporters outside the White House "I reject their proposal".

Still, he told Axios that he expects negotiations to resume.

"They want to make a deal, but it is not the deal that I want to make," he told the news platform. "It is what we would have maybe agreed to a year ago."

"They overplayed their hand," Trump added, in the interview published Sunday.

Citing sources familiar with the matter, Axios reported that indirect talks between Washington and Tehran could take place as early as Monday.

Iran was still standing by its conditions for reopening the Strait, including the release of frozen assets, the lifting of sanctions on its oil and an end to the US naval blockade.

Oil prices, which fell more than two percent Friday on news of the offer, bounced back at the start of the new week, with Brent back above $106 a barrel.

That stoked inflation concerns again, and weighed on stock markets.

Seoul shed more than two percent as it reopened after a long break, while Tokyo, Shanghai, Manila, Bangkok and Jakarta also dropped.

There were gains in Hong Kong, Sydney, Singapore and Wellington.

Bond yields climbed, with the average on a gauge of world bonds topping four percent last week for the first time since 2007, according to Bloomberg.

The rise in prices puts the focus back on the Federal Reserve ahead of its next policy meeting at the end of October, with CME's FedWatch tool putting the chances of a second successive interest rate hike at more than 65 percent.

Before that decision is made, investors will see the release of the bank's preferred gauge of inflation this week as well as a key jobs report that could play a vital role in policymakers' thinking.

"Middle East tensions have flared again after President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz," wrote Stephen Innes at Quintex Intel.

"Oil has pushed higher, Asian equities are softer, and suddenly the brief Friday reprieve in global fixed income looks more like an intermission than the end of the show."

Still, he added: "The market is still pricing some probability that everyone eventually finds their way back to the table, even if they continue to spend the next few weeks shouting across it first."


Qualcomm, Tarjama Team Up to Expand Arabic AI Applications

A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration 
A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration 
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Qualcomm, Tarjama Team Up to Expand Arabic AI Applications

A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration 
A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration 

Qualcomm Technologies and Tarjama, an Arabic language and AI solutions provider, signed a memorandum of understanding (MoU) at LEAP 2026 in Riyadh to explore the deployment of enterprise-ready Arabic artificial intelligence (AI) solutions across the region.

The collaboration will focus on combining Tarjama’s Arabic AI expertise with Qualcomm Technologies’ AI optimization and deployment capabilities to help organizations move AI applications from experimentation into production environments.

AI Challenges in Arabic

As organizations move beyond AI pilots and experimentation, demand is growing for localized and sovereign AI solutions capable of operating effectively across government and enterprise environments.

Arabic requires models and applications that can navigate linguistic nuance, dialectal variation, cultural context and industry-specific terminology, all while meeting enterprise-grade requirements for performance, reliability and scale.

The MoU came amid growing investment and momentum around Arabic AI development across the region. Tarjama’s Arabic.AI platform has recently attracted a strategic investment and collaboration from HUMAIN.

Optimizing Arabic AI Models

Under the MoU, the two companies plan to explore onboarding and optimizing selected Arabic AI models on Qualcomm Dragonfly AI infrastructure technologies, evaluate their performance and deployment readiness, and advance applications spanning generative AI, conversational AI, reasoning, and agentic AI.

Tarjama’s Experience and Qualcomm’s Expertise

Tarjama will contribute its Arabic.AI platform, Arabic-native models, and enterprise AI applications developed for Arabic-speaking markets, while Qualcomm Technologies will provide expertise in AI acceleration, inferencing performance, scalability, and deployment optimization.

The companies also plan to explore technical collaboration, benchmarking, and model optimization across sectors including government, telecom, financial services, healthcare, and education.

Charles Chebli, Managing Director of UAE and Head of AI Cloud Middle East Africa at Qualcomm Technologies, said the collaboration aims to support the deployment of high-performance, efficient, and scalable Arabic AI solutions for enterprise and government applications.

For her part, Nour Al Hassan, Founder and CEO of Tarjama, said the partnership aims to help organizations move from Arabic AI experimentation to production by combining linguistic expertise with AI optimization and deployment capabilities.

Government and Finance Sectors

The companies also intend to evaluate opportunities for technical collaboration, benchmarking, and model optimization across enterprise, government, telecom, financial services, healthcare and education sectors, supporting the development of culturally relevant, Arabic-first AI experiences for organizations and end users across the region.

As demand for localized and sovereign AI continues to grow, Qualcomm Technologies and Tarjama share an ambition to help organizations move beyond AI experimentation, offering a practical pathway for Arabic-first AI to operate reliably, efficiently and at scale in production environments.