Cosumar 2026: Moroccan Sugar Monopoly Facing Import and Price Challenges

Cosumar 2025 key figures

• 1.2 million tons sugar marketed in Morocco (+3% vs 2024)
• 5 operational sugar factories + Casablanca refinery
• Consolidated revenue: 9.2 billion MAD (+12% vs 2024)
• Net income: 580 million MAD (-8% vs 2024)
• Personnel: 2,200 employees
• BVC market capitalization: 22 billion MAD (+28% YTD 2026)
• Raw sugar import dependence: 65% (vs 45% in 2015)

Consumer price increase: +18% over 2 years

Sugar consumer price in Morocco, traditionally stable as it is partially subsidized by the Compensation Fund (subsidy capped at 3,600 MAD/ton since 2014), experienced over 2024-2026 a cumulative increase of +18%. The kilo of refined white sugar in sachet went from 4.90 MAD early 2024 to 5.80 MAD mid-2026.

Article based on official public data + wafir.ma expert sources. All cited statistics are verifiable with the mentioned organizations.