According to the Vietnam Trade Center in Algeria, which is also in Senegal, this market imports between 900,000 and one million tons of rice annually, mostly cheap, 100% broken rice. Vietnam saw a 215% growth in rice exports to the market in 2023, totaling 12,392 tons valued at $5.35 million USD. According to information gathered by the General Department of Vietnam Customs, Vietnam sold 414 tons of rice worth 307,820 USD to Senegal in the first two months of 2024. Senegal is gearing up for the 2024 presidential election and faces a shortage of rice, therefore the government will probably import additional broken rice from Asian nations. India permitted private companies to ship 250,000 tons of broken rice to Senegal.
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Senegal's Rice Import Liberalisation
Even though India has imposed a 20% tariff on exports of different kinds of rice since September 2022 and a restriction on the sale of 100% broken rice, this decision is perceived as the country's attempt to encourage some West African nations. Senegal has fully liberalised the import of rice since 1995, ending the state company's stronghold on the commodity. The Senegalese government has been promoting wet rice production for many years in an effort to achieve self- sufficiency in food, but only 25–30% of the market's needs can be satisfied.
According to Senegal's Statistics Center, the nation purchased 1.3 million tons of rice in 2023, worth over $500 million USD. This was a 12.4% decrease in volume and over 13% decrease in value from 2022. India, Thailand, China, Pakistan, Uruguay, and Vietnam are the primary suppliers.
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