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North Africa Could Become World’s Top Wheat Buyer

Scant rain through mid-April dimmed Morocco’s crop prospects this year

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One of the worst droughts in four decades is expected to make North Africa the world’s top buyer of foreign wheat, reports Bloomberg Quint.

Scant rain through mid-April dimmed Morocco’s crop prospects this year, with harvests in neighboring nations also suffering.

Lackluster local supply may boost the region’s wheat purchases by 7.4% to a record 29.7 million tons in the year from July, the U.S. Department of Agriculture forecasts.

Copyright © BloombergQuint

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