In a circular addressed to groundnut seed exporters, Senegal’s Ministry of Agriculture, Food Sovereignty and Livestock announced the suspension of peanut seed exports for the 2024-2025 campaign, effective November 15, 2024.
This measure is intended to avoid any overlap with the national marketing campaign for the same period, according to the same notice.
The decision follows an initial temporary export authorisation granted from September 12 to November 15, 2024, to allow for an international sales window.
However, in order to preserve local supplies and ensure the smooth management of the marketing campaign, the ministry has decided to suspend all exports after this date until further notice.
This suspension means that any export license or permit not used by November 15 will automatically become null and void.
The ministry also emphasised the importance of rigorous application of this measure by the relevant departments to ensure compliance with the new guidelines.
Economic impact on industry shareholders
This decision could have a significant impact on players in the groundnut sector, who generally rely on exports to increase their income.
The exporters and operators concerned, such as Sonacos SA and other companies and associations listed in the circular, will have to adapt their commercial strategies to take account of this restriction.
The suspension of exports is part of a broader policy of food sovereignty, a priority for the Senegalese government.
By controlling international flows of groundnut seeds, the ministry aims to secure national supplies and support local processors, thereby contributing to the country’s food security.
ARD/te/lb/as/APA