Morocco Seafood Annual Report 1995

From: American Embassy, Rabat, Morocco
To: USDA/FAS Washington D.C.
Country: MO
Year: 1995
Report Code: 54 Post Report Sequence Number: 002
Report Title: Seafood
Report Type: A - Annual Report
Report Subject: Seafood - Annual 1995
Approved By: Quintin GRAY
Drafted By: Aziz ABDELALI
Security Classification: UNCLASSIFIED, NOT USDA DATA
Date Due (MM/DD/YY): 09/12/95

Table of Contents	Page
-General Summary	1
-PRODUCTION	2
General	2
Industry Structure	3
-CONSUMPTION	5
Utilization Pattern	5
-TRADE	6
General	6
Trade Trends	7
Trade Matrix	8
-STOCKS	9
-POLICY	10
E.U. - Morocco Fishing Agreement	10
Resource Management Policy	11
Export Restrictions	11
-PRICE	12
-MARKETING	13
Marketing Facilities	13
Marketing Channels	13
-Total Edible Fishery Prods	15
-Squid/Cuttlefish	16
Trade Matrix 94	17
List of Tables	Page
Table 1: Moroccan Fish Catch by Type of Fishery	2
Table 2: Moroccan Cephalopod Catch	3
Table 3: Moroccan Operationg High Sea Trawler by Port	5
Table 4: Local Use of Coastal Fishery Catches	6
Table 5: Moroccan Exports	7
Table 6: Moroccan Total Fish Exports	7
Table 7: Moroccan Squid Exports	8
Table 8: Moroccan Squid Imports	9
Table 9 Moroccan Total Fish Imports	9
Table 10: Squid Export Prices	12
Table 11: Port Auction Hall Prices	12

With a 2,141 mile coast line bordering the Atlantic Ocean and the Mediterranean Sea, Morocco possesses one of the richest fisheries in the world. The fishery industry accounts for 45 percent of agricultural exports, over $600 million of foreign exchange earnings in some years, and provides jobs for over 60,000 Moroccans. Fishery is a key issue between the Government of Morocco (GOM) and the E.U. who enters in agreements with GOM for E.U. boats to fish Moroccan waters.

Recently, GOM has become concerned that fish stocks are being depleted and that Moroccan waters are being over-fished. In order to preserve its fishery resources, on April 30, 1995, GOM suspended the access of E.U.boats to Moroccan waters one year earlier than the expiration date of the initial fishery agreement signed in 1992. Negotiations between the E.U. and GOM for a new fishery agreement were temporarily suspended after the seventh round. GOM and the E.U. remain at an impasse over the number of E.U. boats that should be allowed to fish Moroccan waters.

If GOM succeeds in significantly reducing E.U. access to Moroccan waters, Moroccan fishers will be able to supply more cephalopods and other species for export.

General

Morocco's total fish catch improved significantly in 1994 despite the drop in high sea catches. The return, estimated at $383 million, has in fact increased compared to last year owing to higher world prices in spite of the 8.8 percent decline in high sea fishery catches. High sea captures consists mostly of cephalopods (octopus, cuttlefish and squids) and white fish.

The drop in prices of sardine and other pelagic species has partially offset the sharp increase in coastal fishery output resulting in an estimated return of about $180 million.

The table below provides data on Moroccan fish catch by type of fishery (Quantities in metric tons):

Table 1: Moroccan Fish Catch by Type of Fishery
	1991	1992	1993	1994	Share (%)	% Incr. 94/03
1) COSTAL FISHERY	442931	414202	474797	605365	74.6	27.5
- PALAGIC FISH	383569	350851	417299	547570	65.6	31.2
+ Sardines	332400	288242	352671	463678	55.4	31.5
+ Mackerel	11156	15915	18311	39195	2.9	114.1
+ Horse Mackerel	14737	21618	28796	28790	4.5	-0.0
+ Others	25276	25076	17521	15907	2.8	-9.2
- BENTHIC FISH	59362	63351	57498	57795	9.0	0.5
+ Pagelus	4327	7625	8077	9238	1.3	14.4
+ White Hake	6054	5905	3802	5167	0.6	35.9
+ Cephalopods	9036	9713	3588	10808	1.5	12.7
- Octopus	3341	3358	3974	3000*	0.6	-24.5
- Cuttlefish	672	648	745	1500*	0.1	101.3
- Squids	5023	5707	4869	6300*	0.89	29.4
+ Other	39945	40108	36031	32582	5.7	-9.6
2) HIGH SEA FISHERY	147838	131500	144805	132000	22.8	-8.8
- CEPHALOPODS	87200	72655	82054	72119	12.9	-12.1
+ Octopus	71000	57011	59885	51361	9.4	-14.2
+ Cuttlefish	8600	8394	8526	12491	1.3	46.5
+ Squids	7600	7250	13643	8267	2.1	-39.4
- WHITE FISH	15495	15695	16244	13881	2.6	-14.5
- PELAGIC FISH	38249	34000	36782	33000*	5.8	-10.3
- SHRIMP	2812	3184	4025	6000*	0.6	49.1
- REFRIGERATED FISH	4082	5966	5700	7000*	0.9	22.8
3) AQUACULTURE	560	591	741	800	0.1	8.0
4) ALGY	7489	7783	5500	5500	0.9	.
5) CORAL	7	7	4	4	0.0	.
6) MANDRAGUE (Tuna)	1257	853	10540	900	1.7	-91.5
TOTAL (1) to (6)	600082	554936	636387	744569	100.0	17.0
Source: Institut Scientifique de Peches Maritimes (ISPM)
Note: (*) AGATT Estimates.
Numbers may add up slightly different than totals due to rounding.

Squids and cuttlefish account for about one-third of the cephalopod catch while octopus accounts for the remainder. Of major concern to the Moroccans is the increasing octopus catch relative to other cephalopods which, in the long run, limits the number of species they can put on the market and places them at the mercy of Japan, the major buyer of octopus (see price section).

The table below provides data on Moroccan cephalopod catch by type.

Table 2: Moroccan Cephalopod Catch
	1991	1992	1993	1994	% Incr
(Quantities in Metric Tons)
Octopus	74341	60369	69859	54361	-14.9%
Cuttlefish	9272	9042	9271	13991	50.9%
Squids	12623	12957	18512	14567	-21.3%
Total Cephalopod Catch	96236	82368	91642	82927	-9.5%
Squid & Cuttlefish	21895	21999	27783	28558
AGATT Estim. Production	30000	30000	36000	39000
Source: Ministry of Fishery and Merchant Marine (MPMMM),
Numbers may add up slighlty differnet than totals due to rounding

NOTE : Data about fish catches are underestimated. Official GOM figures take into account only fish that are sold in official channels. There is, however, a significant quantity of fish that are sold through unofficial channels to avoid taxes. In addition, catches made by several thousand traditional fishermen in villages along the coast of Morocco are not included in GOM data. Since these catches are significant, AGATT has inflated the GOM data for cephalopods in order to avoid inconsistencies in the PS&D table.

Industry Structure

The Moroccan fishing industry comprises two major sectors: the coastal fishery and the high seas sector. The coastal fishery consists mostly of smaller wooden boats catching low priced fish mostly sardines, mackerel, anchovies and horse mackerel (TRUCHURUS SP.). This sector is facing stiff competition from more modern, better equipped European fleets, principally from Spain. Morocco's boats tend to be older, poorly managed, and lack refrigeration, storage and electronic fish-finding gear. As a result, they usually stay out less than three days and often bring in damaged fish. The Moroccan coastal fleet comprises a total of 2,609 vessels of which 378 are trawlers equipped to catch fish dwelling deep below the surface, i.e. cephalopods.

The high-seas sector is relatively modern and consists mostly of large steel boats equipped with freezing facilities which allow them to stay out longer. The average vessel age is 12 years and most units are 100 to 150 feet long. On average, a vessel will make five trips annually (lasting 60 days each). They usually export their catches immediately upon arrival at Moroccan ports to Japan, Spain, and Italy. High-sea fishery catches, although smaller in tonnage, account for the largest return in value since they comprise mostly high priced cephalopods and white fish.

Before 1992, most vessels of the Moroccan high-sea fleet were home-ported at Las Palmas in the Canary Islands, a port located 100 miles west of rich fishing grounds south of Morocco. The fleet was manned by non-Moroccans and its contribution to the Moroccan economy was rather limited. Since 1990, the GOM initiated a series of measures that included port improvement (Agadir and Tan Tan) and financial incentives to facilitate a move to Moroccan ports (tax exemption and access to foreign currencies). By 1992, the entire high-sea fleet, with the exception of two or three vessels, were based in Morocco. Agadir is home to most of the fleet and Tan Tan maintains a fleet of 47 high-sea trawlers, owned and operated by Morocco's largest private fish company, OMP (Omnium Marocain de Peche).

Sources indicate that there are currently 280 Moroccan registered high-sea cephalopod operating trawlers. Many Moroccan trawler companies have formed joint-ventures with foreign entities, principally Spanish or Chinese firms. The largest Moroccan companies are OMP, SONARP, and PECOS, each operating 47, 17, and 13 trawlers, respectively.

In 1993, the major buyer of Moroccan cephalopods, Japan, accumulated record stocks and was able to significantly force down the world cephalopod prices. The low prices coupled with smaller and smaller

average catches per vessel, and poor management in some cases resulted in 70 Moroccan trawlers being idle. Currently, there are 280 Moroccan trawlers operating. The table below provides a breakdown by port:

Table 3: Moroccan Operating High Sea Trawler by Port

CONSUMPTION

Utilization Pattern

Morocco has nearly 27 million people and a per capita income of about $1,200. The minimum wage is $6.5 per day. Low per capita income and inadequate distribution systems in Morocco are believed to be the main reasons for low fish consumption (about 6.3 kilograms per year). Consumption is higher along the coast and in the north and is limited in inland areas reflecting the inadequacy of distribution channels. Consumption of frozen fish remains very limited mainly because Moroccans have easy access to fresh fish. The consumption of fish could increase significantly if distribution channels were better organized and higher quality fish were offered to the consumer.

Consumption of fish consists mostly of low priced pelagic species such as sardines. Squid is about the only species of cephalopods readily consumed in Morocco. However, the level of consumption is very low compared to other types of fish due to high prices (one kilogram of squid costs as much as 10 times one kilogram of sardines). Also, Moroccans generally are not accustomed to eating cephalopods.

Catches from the coastal fishery are dominated by three species: sardines, mackerel and anchovies. The fresh market accounts for over one third of the local use and is usually the most lucrative to the fisherman. Canning absorbs about one fifth of the catch and is mostly geared towards exports. Processing for fish meal and oil is the least lucrative. However, it accounts for over 40 percent of the use of coastal fishery captures. Fish meal has been a major source of proteins for the local poultry industry while the fish oil has been primarily used for energy or exported.

Local Use of Coastal Fishery Catches (1,000 metric Tons)
	Table 4: Local Use of Coastal Fishery Catches
	1989	1990	1991	1992	1993	1994	Share
FISH MEAL & OIL	159	157	161	119	202	315	40.1%
+ Sardines	143	152	160	118	200	na
+ Mackerel	16	5	0	1	1	na
FRESH CONSUMPTION	155	173	150	183	176	190	37.0%
+ Sardines	74	77	53	70	67	na
+ Mackerel	6	7	2	6	6	na
+ Anchovies	5	9	15	15	10	na
+ Other fish	70	81	80	93	93	na
CANNING	90	92	120	101	96	101	21.5%
+ Sardines	73	76	111	92	84	na
+ Mackerel	14	15	8	9	11	na
+ Anchovies	3	0	0	0	1	na
+ Other fish	0	1	0	0	0	na
FREEZING	6	6	12	9	2	3	1.4%
+ Sardines	5	4	8	8	2	na
+ Other fish	0	2	4	1	0	na
SALTING	0	0	0	2	0	0	0.1%
LOCAL UTILIZATION	410	428	443	414	475	609	100.0%

Source: Office National des Peches (ONP)
NOTE : Numbers may add up slightly different than totals due to rounding.

Fish continue to rank among Morocco's top hard currency earners. In 1994, Morocco repatriated from its fish exports some $619 million which represents nearly 45 percent of the earnings from agricultural exports.

Before the high-sea fishing industry was developed, pelagic species(sardines and mackerel) accounted for the lion's share of varieties exported. With the repatriation of high sea fleets to Morocco and added investments, exports of squids have more than doubled in the past four years. In 1994, a 27.5 percent increase in quantities of squids exported coupled with a significant recovery in world prices have resulted in a 38.7 percent increase in returns from squid exports. These exports are likely to continue to increase particularly if GOM succeeds in reducing E.U. fishing of cephalopods in Moroccan waters.

Table 5: Moroccan Exports
(Millions of Dollars)
Calendar Year	1990	1991	1992	1993	1994	% Incr. 94 vs 93
Exch. rates (dh/$)	8.2420	8.7070	8.5380	9.2580	9.1225
Total Exports	4229	4229	3977	3712	4036	8.7%
Agric. Exports	1197	1326	1197	1136	1381	21.6%
Fish Exports	524	607	554	541	619	14.5%
Cephalopods Exp.	194	294	266	287	342	18.9%
Squids Exports	48	63	58	100	138	38.7%
Source: Official Moroccan Trade Data

Trade Trends

The table below provides data on Moroccan fish exports. (quantities in metric tons and values in thousands of dollars):

The table below provides data on Moroccan fish imports. Most imports consist of high value added, processed fish. Imported fish, like other processed food products are subject to a cumulative duty and taxes of 78.5 percent which make their prices too expensive for the average consumer.

Table 9: Moroccan Total Fish Imports
	1994		1995 (5 months)
	MT	$1000	MT	$1000
Exch. Rates (dh/$)		9.1225		8.3500
Fish Smoked, Brine	659	1132	383	812
-France	405	534	115	250
-Argentina	95	183	203	397
-Spain	64	165	0	0
-U.S.A.	20	16	0	0
-Other	75	235	65	165
Fish Frozen	992	501	460	785
-Spain	858	351	0	0
-Mauritania	136	125	110	138
-China	0	0	212	452
-Others	4	24	138	195
Canned Fish	169	558	100	334
-Senegal	150	38	58	179
Other Categories	267	821	8	100
TOTAL FISH IMPORTS	2094	3012	952	2030
Source: Moroccan Official Trade Data NOTE : Numbers may add up slightly different than totals due to rounding.

STOCKS

Frozen fish warehouses in Morocco have an estimated capacity of 25,000 metric tons and can handle all types of fish (including squids). They are located primarily in the principal fishing ports of Agadir, Tan Tan and Safi. Virtually no cold storage fish warehouses are located in the country.

Sources in the industry say that stocks of cephalopods in frozen fish warehouses don't seem to get high since the frozen cardboxes containing squids are usually loaded onto reefer vessels for export shortly after being unloaded from high sea trawlers.

POLICY

E.U.- Morocco Fishing Agreement

Traditionally GOM enters into a fishery agreement with the E.U. providing European vessels (mostly Spanish) access to Moroccan waters. During the last agreement that was signed on May 1992, GOM required a moderate decrease in E.U. fish catch by lowering the number of licenses granted to E.U. vessels to 700, of which 650 were Spanish and 130 were high-sea trawlers. The annual fees imposed on the E.U. for the right to fish in Moroccan waters were also increased to $120 million in addition to fees charged to individual ship owners. GOM also imposed a two-month ban on coastal and high sea fishing. Additional provisions were agreed to such as a mid-term review, suspension of licenses for certain violations, preferential marketing arrangement granted by the E.U. for Moroccan canned fish (mostly sardines) and a 9 million ECU credit for scientific research and training. A new feature in the 1992 agreement was the right to station up to two Moroccan observers aboard E.U.vessels.

In September 1994, because of its concerns about over fishing and depletion of stocks, GOM required a 50 percent reduction in the number of E.U.trawlers operating in Moroccan waters since 1992 and that the catch be unloaded in Moroccan ports for better control. GOM succeeded in reducing the 1992 protocol term by about one year.

GOM has been negotiating a new fishing agreement with the E.U. since the beginning of April 1995. At the expiration of the 1992 fishing agreement on April 30, 1995, GOM banned E.U. vessels from Moroccan waters. Negotiations were temporarily suspended in the seventh round. GOM has remained firm on its position of reducing the number of boats fishing in Moroccan waters in spite of the Spanish fishermen embargo of Moroccan exports to E.U. going through Spain. In addition to an average 50 percent reduction (65 percent reduction in cephalopods fishing boats, 50 percent for the shrimp-fishers and 30 percent for other trawlers) in the number of E.U. boats fishing in

E.U.- Morocco Fishing Agreement

Moroccan waters over a three year period, GOM requires that the E.U. boats unload their catches in Moroccan ports for better inspection and control. In addition, GOM is also requesting that the use non-selective nets be prohibited.

Resource Management Policy

Most fishermen and GOM officials agree that over fishing in Moroccan waters is a major problem. Several sources indicate that coupled with a high level of authorized fishing, poaching by foreigners in Moroccan waters is massive.

In order to preserve its fish resources, the GOM took several measures to limit the expansion of fishing fleets and to improve fish stocks management. In addition to the provisions such as better control of the net mesh size used and revised quotas for some fish species, the following measures have been taken by GOM:

Export Restrictions

A few years ago, the world's major buyer of cephalopod, Japan, had succeeded in significantly lowering the world price of cephalopods by storing over a one-year supply. This action caused serious financial difficulties for several high sea fishing companies and resulted in

70 trawlers being docked at Agadir Port. As a result, the Moroccan Association of High-Sea Fishing Trawler Owners (Association Professionnelle des Armateurs de Peches Hauturiere du Maroc, APAPHAM) and its corresponding association in Mauritania to entered into an "Agreement of Entente" to reduce the supply of cephalopods. A ban on high sea fishing was imposed by the APAPHAM in March-April of 1994 to push world prices up.

The GOM is not involved in marketing of cephalopods and does not impose any restriction on exports.

PRICE

In 1994 and 1995, prices of cephalopods have recovered significantly after the drop in 1993. The table below provides F.O.B. export prices for cephalopods.

Table 10: Squid Export Prices (dollars per kilogram)
Calendar Year	1992	1993	1994	1995 (5 months)
Exch. Rate (dh/$)	8.5380	9.2580	9.1225	8.3500
Japan	4.37	3.80	4.61	5.38
Spain	4.00	3.05	3.26	3.93
Italy	2.69	2.90	2.03	3.23
Others	2.61	1.30	1.62	1.42
Total	3.92	3.32	3.69	4.42
Source: Official Moroccan Trade Data

The table below provides prices of coastal fishery catches at the port auction halls:

Table 11: Port Auction Hall Prices (Dollars per Kilogram)
	% of Catch 91-94	1991	1992	1993	1994
Exchange Rates (dh/$)		8.7070	8.5380	9.2580	9.1225
PELAGIC FISH	87.5%	0.18	0.22	0.16	0.14
-Sardines	74.0%	0.12	0.14	0.11	0.10
-Horse Mackerel	4.8%	0.50	0.40	0.31	0.36
-Mackerel	4.4%	0.22	0.22	0.19	0.13
-Anchovies	2.8%	0.53	0.78	0.70	0.71
-Tuna	0.6%	2.00	2.22	2.51	1.77
-Others	0.9%	0.23	0.23	0.20	0.24
BENTHIC FISH	9.7%	1.25	1.20	1.14	1.13
-Pagelus sp.	1.5%	1.41	0.98	0.97	1.05
-White Hake (whiting)	1.1%	1.67	1.85	2.21	1.86
-Capline	0.4%	0.55	0.50	0.47	0.49
-Garnet	0.3%	0.74	0.78	0.69	0.71
-Umbrine	0.3%	1.30	1.37	1.41	1.30
-Sole	0.2%	4.54	3.85	3.42	3.08
-Sea Bream	0.0%	1.10	1.06	1.00	0.96
CEPHALOPODS	2.1%	1.88	2.01	1.97	2.35
CRUSTACEANS	0.6%	2.85	3.61	3.00	2.23
CORALS	0.0%	1.58	1.36	0.11	0.95
OVERALL COASTAL-FISH	100.0%	3.43	3.43	2.83	2.42
Source: Ministry of Fishery, ISPM

MARKETING

Marketing Facilities

The modernization and extension of the port of Agadir has attracted many Moroccan vessels that used to go to Las Palmas. If the Moroccan sovereignty on the Sahara is confirmed by the upcoming referendum, investments in remote ports, particularly the port of Dakhla which is closer to the rich fishing grounds, will make this port of Dakhla one of the major fishing ports in Morocco. In fact, The Moroccan Office of Port Development (ODEP) intends to invest in deepening, modernizing and equipping the port of Dakhla with cold storage and boat repair facilities. Having this port for a home base should cut down on the operational costs of the trawlers and make Moroccan squids more competitive.

Currently, squid and octopus harvested from Moroccan waters are exported directly to Japan and other nations without being processed. Often, Moroccan squids are shipped to Japan, and re-exported to the US. Several fish industry representatives have expressed interest in exporting a value-added product by having the cephalopods processed (gutted, cut, etc...) locally before being exported.

Global Economic Data Exchange System
Commodity: Total Edible Fishery Prods. (0300000) (METRIC TONS)
Beg. Month/Year of Marketing Year	01 / 94		01 / 95		01 / 96
MOROCCO	Revised 1994		Prelim 1995		Forecast 1996
	Old	New	Old	New	Old	New
Landings/Comm'l Catch	750000	744569	640000	640000	0	640000
Fresh/Frozen Productn	300000	429569	340000	340000	0	340000
Canned Production	70000	101000	70000	70000	0	70000
Cured Production	1500	0	1500	1500	0	1500
Total Production	371500	530569	411500	411500	0	411500
Fresh/Frozen Imports	800	1265	1000	1000	0	1000
Canned Imports	75	169	100	100	0	100
Cured Imports	625	659	800	800	0	800
TOTAL Impots	1500	2093	1900	1900	0	1900
Fresh/Frozen Exports	106000	137006	150000	150000	0	150000
Canned Exports	53000	61788	60000	60000	0	60000
Cured Exports	1000	717	1000	1000	0	1000
TOTAL Exports	160000	199511	211000	211000	0	211000
Domestic Consumption	190000	190000	190000	190000	0	190000

Global Economic Data Exchange System
Commodity: Squid/Cuttlefish (0363100) (METRIC TONS)
Beg. Month/Year of Marketing Year	01 / 94		01 / 95		01 / 96
MOROCCO	Revised 1994		Prelim 1995		Forecast 1996
	Old	New	Old	New	Old	New
Beginning Stocks	0	0	0	0	0	0
Total Production	31700	39000	31700	32000	0	32000
Intra-EC Imports	0	0	0	0	0	0
Other Imports	0	121	0	0	0	0
TOTAL Imports	0	121	0	0	0	0
TOTAL SUPPLY	31700	39121	31700	32000	0	32000
Intra-EC Exports	0	0	0	0	0	0
Other Exports	30000	37385	30000	30000	0	30000
TOTAL Exports	30000	37385	30000	30000	0	30000
Dom. Consumption	1700	1736	1700	2000	0	2000
Other Use/Loss	0	0	0	0	0	0
TOTAL Utilization	1700

Table 6: Moroccan Total Fish Exports
Calendar Year	1993		1994
	MT	$1000	MT	$1000
Exchange Rates (dh/$)		9.2580		9.1225
CEPHALOPODS	100513	287365	98179	341540
-Octopus	71196	187806	60894	203454
-Squid/Cuttlefish	29317	99559	37385	138086
CANNED FISH	56397	146638	61788	165994
-Sardines	42599	92829	45485	98840
-Anchovies	6605	37045	7920	45891
-Others	7193	16764	8383	21262
CRUSTACEANS	4438	26196	6528	28404
-Shrimp Frozen	3760	22325	5706	24855
-Spiny Lobster Frozen	51	885	64	1187
-Others	628	2986	759	2362
FISH FRESH OR CHILLED	15687	49616	12374	44556
EDIBLE FISH, ALIVE	3941	12250	5233	15257
OTHER FROZEN FISH	11914	17050	14140	20988
OTHER FISH	1100	1564	1169	2100
TOTAL FISH EXPORTS	193989	540679	199511	618839
Source: Official Moroccan Trade Data NOTE : Numbers may add up slightly different than totals due to rounding.

Table 7: Morroccan Squid Exports
Calendar Year	1993		1994		1995 (5months)
	MT	$1000	MT	$1000	MT	$1000
Exchange rate (dh/$)		9.2580		9.1225		8.3500
Japan	13703	52124	17364	80093	3428	18428
Spain	9721	29662	14385	46936	4453	17521
Italy	864	1122	983	1596	193	274
Total	29608	98322	37385	138086	8532	37704
Source: Official Moroccan Trade Data Note : Numbers may add up slightly different than totals due to rounding.

Port of	Number of Trawlers
Agadir	224
Tan Tan	45
Dakhla	11
Total	280
Source: Ministry of Fishery and Merchant Marine

Table 8: Morroccan Squid Imports
Calendar Year	1993		1994		1995 (5months)
	MT	$1000	MT	$1000	MT	$1000
Exchange rate (dh/$)		9.2580		9.1225		8.3500
Russia	.	.	121	54	.	.
Total	.	.	121	54	.	.
Source : Official Trade Data