Morocco: Agricultural Activity, Production to Continue Despite Coronavirus

Agricultural activity and production continue normally in Morocco despite measures taken to face the coronavirus outbreak. (Reuters)
Agricultural activity and production continue normally in Morocco despite measures taken to face the coronavirus outbreak. (Reuters)
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Morocco: Agricultural Activity, Production to Continue Despite Coronavirus

Agricultural activity and production continue normally in Morocco despite measures taken to face the coronavirus outbreak. (Reuters)
Agricultural activity and production continue normally in Morocco despite measures taken to face the coronavirus outbreak. (Reuters)

Morocco’s Ministry of Agriculture, Maritime Fisheries, Rural Development and Water and Forests (MAPMDREF) has affirmed that agricultural activity and production are ongoing despite the health emergency state announced to face the coronavirus outbreak.

“Workers in the sector will maintain the level of production, packaging, transfer and distribution at a normal pace,” the ministry said in a statement on Thursday.

Prices of some goods which witnessed occasional hikes, returned to normal, while the prices of the most consumed food products remained stable, the statement noted.

It reassured people that agricultural production will continue normally in full respect for the pre-determined timetable, allowing continued supply to the market and sufficient quantities of agricultural and food products.

“We have overcome the pressure faced by some markets in the past few days as a result of the sharp rise in demand for some of the most consumed agricultural products, especially potatoes, tomatoes and onions. This happened thanks to the continued stocking of the market with these products,” the MAPMDREF explained.

“From the period between early April and June, supplies will be provided through the available stocks and the crops of the winter season in several areas, which are currently in the production stage,” according to a document published on its official website.

“The estimated production quantities during this period are 352,000 tons for tomatoes, 910,000 tons for potatoes, and 412,000 tons for onions (mainly green onions).”

It pointed out that these available quantities meet Moroccan people’s needs, including during the Holy month of Ramadan, when demand rises.

The Ministry said the distribution of spring crops is carried out normally, reaching 50 percent of the specified schedule late March, while the rest will be planted during April.

The expected production of spring and summer crops will adequately meet consumers’ needs for the period between June and December 2020, it noted.



Saudi EXIM Hosts Global Risk Experts Meeting in Riyadh

The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
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Saudi EXIM Hosts Global Risk Experts Meeting in Riyadh

The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA

The Saudi Export-Import Bank (Saudi EXIM) hosted the Berne Union's Country Risk Specialist Meeting, providing a platform for experts and thought leaders in risk management from the export credit community.
At the meeting, which took place from November 19 to 21 in Riyadh, the attendees exchanged best practices to better protect the industry amid shifting global dynamics.
According to a statement issued by the Saudi EXIM on Saturday, the event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions.
By strengthening institutional resilience, the industry is ready to turn global economic challenges into opportunities for economic prosperity, said the statement, adding that it played a crucial role in advancing global trade, strengthening international cooperation, and developing credit solutions that empower export activities while controlling risk, SPA reported.
According to the statement, discussions centered on critical risks impacting international trade and the global economy, such as debt sustainability and geopolitical tensions, along with innovative approaches to risk modelling. Participants also explored the global shifts in infrastructure, energy and critical minerals sectors, and were given an overview of Saudi Arabia's National Industrial Strategy, which focuses on economic diversification through investments, developing new sectors, and promoting local industries.
In his opening remarks, Saudi EXIM CEO Eng. Saad bin Abdulaziz Al-Khalb said the meeting is an ideal platform to address risks impacting global economic decision making.
He stated: "Through such meetings, we can turn challenges into strategic opportunities and enhance our resilience in an ever-changing world. At Saudi EXIM, we remain committed to enabling companies by offering expert financial and non-financial solutions to navigate risks effectively."
He also said that "at Saudi EXIM, we place great emphasis on risk management. In alignment with the main objective of this meeting, I am pleased to announce the completion of our independent country risk model, which is supported by advanced modelling tools and machine learning. This model will provide country ratings and predictions of default risks. We look forward to collaborating with our partners in other export credit agencies to exchange knowledge and expertise, and to strengthening our risk management functions with greater responsibility and effectiveness."
Associate Director at Berne Union Eve Hall said: "The global risk landscape today is highly volatile and highly interconnected. As we navigate our way around the ongoing transformations connected to energy transition and shifting industrial strategies, the traditional concept of 'country risk' is becoming increasingly complex. Our industry excels at understanding, quantifying and pricing these risks, and by bringing together this community of experts for technical exchange the Berne Union is able to help support the development of the industry as a whole. The initiatives announced by our colleagues at Saudi EXIM, making use of new technology in risk analysis, provide a fantastic example of where collaboration in this field can be effectively applied."
The statement disclosed that Saudi EXIM's membership in Berne represents a significant strategic step, and is consistent with the Kingdom's commitment to expanding collaboration and integration in the global economy.
This is achieved by building partnerships with leading institutions to address the challenges facing the export credit sector. It also aligns with the bank's goal of developing the export of national products and services through partnerships with national and international financial and funding organizations.
Berne Union works with global trade organizations to encourage the adoption of best practices in export credit insurance, and to cooperate in maintaining the stability of global trade.
Saudi EXIM, a development bank under the National Development Fund, contributes to diversifying the Kingdom's economic base by improving the efficiency of non-oil export ecosystems, bridging financial gaps, and minimizing export risks. This plays a role in helping the non-oil national economy grow, in line with Vision 2030.