Naresh Gowreesunker, Commercial Manager at MOROIL: "It's a panic-buying phenomenon causing shelf shortages"

In light of geopolitical tensions in the Middle East, Moroil asserts that its supply chains remain secure despite cost pressures. The company dismisses any talk of shortages, attributing the situation to a panic-buying phenomenon.

How is the war in the Middle East affecting Moroil's operations? We are closely monitoring the situation in the Middle East. Our supply sources are not directly impacted, but we are facing significant pressures, particularly on raw material prices and shipping costs. It is clear that these factors have a direct impact on the selling price of our products. However, I want to emphasize an important point: despite this challenging context, the prices of our oils that consumers pay today are still lower than those at the end of 2024.

Many consumers are reporting a shortage of oil in the market. What is the truth? I hear the concerns of consumers and completely understand them. In difficult times, it is natural to want to protect oneself and anticipate. This reaction is human. However, I want to reassure everyone that there is no shortage. Moroil has the required stock.

What we are observing is more of a panic-buying phenomenon that is causing shelf shortages. Moroil reiterates its commitment to ensure a continuous supply of quality products to the population.

What message do you want to convey with the upcoming Budget? The local agri-food industry is not just an economic sector; it is a matter of food sovereignty for Mauritius. A country that does not produce or process locally remains vulnerable. We have seen this during past crises, and we are witnessing it again today with global geopolitical tensions: when international supply chains close, it is the countries that have developed and protected their local capabilities that fare the best.

Mauritius is fortunate to have committed local operators who invest for the long term and deserve support. The message is therefore not to forget our local industry. These are the operators who invest in this country and are present during difficult times. We hope this Budget will recognize and encourage this commitment.