Intermediaries in Morocco’s markets are at present taking residence greater than 50% of the ultimate worth of some merchandise, a scenario that President of the Competition Council, Ahmed Rahhou, described as an enormous drawback.
Speaking at his annual press convention, Rahhou known as for larger transparency within the pricing practices of market intermediaries, acknowledging their important position however stressing the significance of regulating their charges to make sure fairer market situations.
“The feasible solution is to clearly define and transparently establish the added value or final fees they earn, to ensure they can be tracked,” Rahhou mentioned.
He defined that hypothesis, particularly in agricultural markets, has led to intermediaries absorbing a disproportionate share of the ultimate worth, with greater than 50% of the fee going to them.
“Speculation in its current form presents a real problem,” he mentioned.
He additional known as for the promotion of direct gross sales to offer extra clear worth indicators, which might assist scale back the reliance on intermediaries.
“The solution is to further develop and encourage direct sales in Morocco, given its crucial role in providing transparent signals regarding real prices in markets within the value chain.”
While advocating for a discount in intermediaries’ affect, he additionally acknowledged that they continue to be indispensable in a regulated market, notably in agriculture.
While the Competition Council can’t set worth ceilings, Rahhou emphasised that it’ll proceed working to make sure transparency and handle market imbalances. “Our decisions do not lower prices, and it is not within our jurisdiction to set price ceilings,” he clarified, including that companies and customers must notify the council of dangerous practices in particular markets, as such experiences are essential for figuring out issues.
On the rising price of pink meat, Rahhou famous that the federal government has applied measures, akin to exempting cattle and sheep imports from customs duties.
“The rise in meat prices must take into account the high cost of feed and the effects of drought,” he mentioned.
He confirmed that an investigation is ongoing into potential unfair practices on the pricing of white meats, though he kept away from offering additional particulars till the investigation concludes.
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