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Reasons for High Moroccan Remittance Costs
The rise in livestock prices in Morocco is attributed to four main factors. These include a 60% to 80% increase in the cost of concentrated feed since 2020, a drought that led to a decline in pastures and forced farmers to rely on direct purchases, which increased breeding costs by up to 50%. Additionally, the reduction in support from the Compensation Fund and rising oil prices have contributed to higher expenses. As a result, sheep prices have increased by 117% compared to the overall inflation rate from 2010 to 2026, depriving many families of the opportunity to buy meat during the Eid season.
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