{"id":21549,"date":"2024-12-10T13:59:13","date_gmt":"2024-12-10T13:59:13","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=21549"},"modified":"2024-12-10T14:01:12","modified_gmt":"2024-12-10T14:01:12","slug":"sardines-in-morocco-cost-dear-as-stock-wavers","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2024\/12\/10\/sardines-in-morocco-cost-dear-as-stock-wavers\/","title":{"rendered":"Sardines in Morocco cost dear as stock wavers"},"content":{"rendered":"\n

The Ministry of Agriculture, Fisheries, Rural Development and Forests has reported stock decline of sardines in Morocco with consequential price<\/u><\/a> surge.<\/p>\n\n\n\n

According to the ministry, the decline owes to heating open waters whose temperatures verge on 23\u00baC<\/u><\/a>, above the 18\u00ba optimum.<\/p>\n\n\n\n

This news is likely to affect prices, which by August had risen to 35 dirhams ($3.51) per kg at the landing point.<\/p>\n\n\n\n

In normal times, the wholesale or dock price of these small pelagic fish is usually 15 dirhams<\/u><\/a> ($1.50) a kg.<\/p>\n\n\n\n

Although the exact market price is indeterminate at the time of the ministry\u2019s report, fishermen indicate it is still high. <\/p>\n\n\n\n

Indeed, in end November 2024, harvesters were decrying the shortage of the fish in the market and hence a pricey sale.  The fishermen link the low market supplies to diversion to industry and the usual low stocks each November and December.<\/p>\n\n\n\n

Scarcity of \u201cthe fish of the poo<\/u><\/a>r,\u201das sometimes Moroccans call sardines has attracted price-fixing intermediaries.  These brokers from especially the southern shores sell their fish to factories to price detriment in fresh fish markets.<\/p>\n\n\n\n

Factories are purchasing sardines at 9 dirhams ($0.90) a kg, while in normal cases they avail them at 4 dirhams ($0.40).<\/p>\n\n\n\n

Foreign Fishing Vessels<\/strong><\/strong><\/h3>\n\n\n\n

Another cause of the price surge is the presence of foreign fishing vessels under permit from the government.<\/p>\n\n\n\n

These include boats from Russia, which in end November 2024 were ploughing Morocco\u2019s Atlantic coast targeting 10,000 tonnes<\/u><\/a> of fish.<\/p>\n\n\n\n

The 10K quota is quite low for in normal times Russia\u2019s fleets access 140,000 tonnes of fish off the Atlantic coast.<\/p>\n\n\n\n

Far-off Russia signed a fishing rights agreement with Morocco in 2020. Rabat\u2019s expanding ties with other countries follows a fisheries dispute with the European Union.<\/p>\n\n\n\n

In short, stock pressure, foreign fishing and industry needs are all making sardines in Morocco cost a fortune. And as far as the data below illustrates, sardines are perhaps the most important fish economically to the North African nation.<\/p>\n\n\n\n

Sardines in Morocco Statistics <\/strong><\/strong><\/h2>\n\n\n\n

Sardines and other small fish of the open seas account for 80%<\/u><\/a> of Morocco\u2019s total fish production per year. Overall, the fisheries of the country gift the economy with 261,000 direct jobs annually. The sector also brings an annual export revenue of 31 billion dirhams ($23.17 billion).<\/p>\n\n\n\n

What is the portion of sardines in the Moroccan fish industry<\/strong>? <\/p>\n\n\n\n

Sardines represent about 62%<\/u><\/a> of the overall fish harvest in Morocco. Sardines also make up 91% of the country\u2019s total content of canned fish. Indeed, with production at 850,000 tonnes per year, Morocco sometimes supplies half of the world\u2019s canned sardine<\/u><\/a>.<\/p>\n\n\n\n

How big are sardine exports from Morocco<\/strong>? <\/p>\n\n\n\n

According to the World Bank, Morocco is the leading exporter of sardines globally. In 2019, Morocco\u2019s shipments and trade value in frozen sardine, brisling or sprats hit 206,051 tonnes <\/u><\/a>worth $18,696,562. Only China came near with a total value of $7,444,163. Morocco also leads world exports in prepared sardines totaling 129,544 tonnes worth $45,975,081<\/u><\/a>, as of 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ministry of Agriculture, Fisheries, Rural Development and Forests has reported stock decline of sardines in Morocco with consequential price surge. According to the ministry, the decline owes to heating open waters whose temperatures verge on 23\u00baC, above the 18\u00ba optimum. This news is likely to affect prices, which by August had risen to 35 dirhams ($3.51) per…<\/p>\n","protected":false},"author":3,"featured_media":21550,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"yoast_head":"\nSardines in Morocco cost dear as stock wavers - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2024\/12\/10\/sardines-in-morocco-cost-dear-as-stock-wavers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sardines in Morocco cost dear as stock wavers - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Agriculture, Fisheries, Rural Development and Forests has reported stock decline of sardines in Morocco with consequential price surge. 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