Mezzour announces a drop in edible oil prices in the coming days

The Minister of Industry and Trade, Ryad Mezzour, announced on Saturday a drop in the price of edible oils in the coming days.

In press statements, following a visit to Ain Harrouda at the Lesieur Cristal factory, the Minister indicated that “manufacturers have made extremely significant efforts on their margins and processes in order to reduce and modify their structures costs, and we expect prices to drop in the coming days.”

The sequence of price increases seems to be over, he noted, adding that “the indicators show that we are entering a phase of price relaxation, thanks to the efforts made by both private operators and the State”.

The supply of oils and other food products to the markets is ensured throughout the national territory, he further said.

For his part, the general manager of Lesieur Cristal, Brahim Laroui noted that in preparation for the holy month of Ramadan, all arrangements have been made to ensure the availability of edible oil in sufficient quantities.

“We are working to reflect the improvements in commodity prices which have been the cause of price increases over the past few years,” he said, adding that prices will soon return to normal with sufficient inventory. edible oil.

It should be noted that the Lesieur Cristal plant has a daily production capacity of 1,100 tonnes (T) and a factory storage capacity of 1,200 T. Total production in 2022 reached 209,490 T, of which 15% intended for export.

During the years 2022 and 2023, Lesieur Cristal plans to invest 92 million dirhams (MDH). This envelope will be used for the “sprinkling” of the production and storage units, the creation of a new high-speed 1L line, the modernization of the industrial tool, namely the packaging, labeling and boxing lines.

It also involves the construction of a new logistics platform with a capacity of 12,000 locations and the production of solar energy by photovoltaic panels.

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