FINANCIAL NEWS

Morocco expects 2012’s grain harvest at 4.8m tons

25 Apr 2012

(MENAFN) Morocco’s agricultural minister, Aziz Akhannouch, stated that the country’s cereal harvest during the current year will be expected to reach 4.8 million tons, compared with 8 million tons last year, reported AP.

Akhannouch also said that the figure is compared with earlier forecasts of between 3 million and 4 million tons, adding that insufficient rains and unusually cold temperatures harmed the nation’s grain crop.

On the other hand, he noted that agriculture accounts for nearly 15 percent of the country’s gross domestic product (GDP), whereas 40 percent of Morocco’s workforce is also involved in the sector.

It is worth noting that the US embassy in Morocco issued a report in March, showing that the country’s total cereal harvest in 2012 will reach only 3.2 million tons, which will now be increased to at least 3.6 million tons.

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