Morocco’s Cap Holding gains majority control of Forafric Maroc, expanding its footprint in wheat milling and processing.
Rising imports and falling output raise concern among farmers and policymakers.
Strong feed demand and drought keep Morocco reliant on imports despite plans to cut volumes.
Delays at ports and rising freight costs are slowing grain flows into Morocco, according to S&P Global.
The company names new leadership as it moves ahead with its global growth plans.