Approximately 30% to 40% of Moroccan exports are affected by the risk of non-payment due to Russia’s withdrawal from the Swift interbank messaging system. Morocco exports a total of 600,000 tons/year, mainly to the United States and Canada. Nearly a third of this quantity is shipped to Russia by Morocco, which has been excluded from the large size segment (oranges).
But currently, the question of payments arises with acuity, given the continuation of the Russian-Ukrainian war. These fears are deemed to be justified, especially as the end of the citrus export campaign draws near. The outstanding amount of unsettled debts has been assessed by the Moroccan Citrus Interprofessional Federation (Maroc Citrus) at more than 57 million US dollars.
The latter, which recently sent a letter to the Ministry of Agriculture, the Ministry of Finance and the Professional Association of Moroccan Banks (GPBM), judged that the risk of non-payment by Russian customers would concern approximately 30% to 40% of the export of small fruit varieties.
Source: morocco.detailzero.com