
Morocco's Office des Changes January-August 2026 bulletin shows goods exports rose 8.7% to MAD 334.892 billion while imports rose 15.8% to MAD 617.508 billion, widening the trade deficit 25.4% to MAD 282.615 billion. Automotive and aeronautics exports grew, while phosphates and derivatives fell 6%.
A wider Moroccan trade deficit driven by faster import growth signals stronger feed and input purchases, though the figures are provisional and dirham-denominated, so the direct price effect on feed commodities is limited.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.