The Ministry of Industry and Trade announced the signing of a memorandum of understanding on the marketing of Senegalese rice with stakeholders in the rice sector and trade organizations. This aims to stimulate consumption of locally grown rice while providing sustainable support to domestic producers.
"Furthermore, a mechanism for indexing imports to purchases of Senegalese rice has been established, with the aim of encouraging the supply of locally produced rice to the market. A vast communication and promotion campaign, under the supervision of the Ministry of Industry and Trade, will be organized to promote local production and raise consumer awareness of the advantages of Senegalese rice in order to increase its consumption," the department's statement indicates.
"In addition, all DIPA issuances are temporarily suspended, pending the purchase of local production and a better assessment of available stocks. Finally, to ensure rigorous monitoring and optimal evaluation of the implementation of the decisions, an inter-ministerial framework bringing together the ministries in charge of Trade and Agriculture has been put in place," it is emphasized.
Thus, according to the terms of the agreement, the ex-works price of white rice is set at 350 CFA francs per kilogram. This price, considered fair, aims to guarantee just compensation for producers and to encourage greater competitiveness of Senegalese rice compared to imported products.
The Ministry of Industry and Trade welcomed the conclusion of this agreement, calling on all economic actors to play their full role in ensuring its success and strengthening Senegal's food sovereignty.
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