Senegal: Soybean production gets a boost with US$108 million funding

Published Mar 30, 2023

Tridge summary

The government is set to invest US$108 million over the next five years to improve soybean production and best practices, and develop the grain’s value chain to reduce post-harvest losses. This investment aims to expand certified seed production to 17,500 metric tonnes annually, develop 50,000 hectares of new land for soybean production, and increase cultivation from the current 218,000 tonnes per year to 400,000 metric tonnes annually. The funding will be allocated towards research and development, land development for soybean production, and harvest and post-harvest programs to increase soybean quality and reduce physical losses, in line with the Dakar II Summit's resolutions to achieve self-sufficiency and agrifood transformation in key sub-sectors by the next five years.

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Original content

Government will invest an estimated US$108million to improve soybean production/best practices, as well as developing the grain’s value chain to curb post-harvest losses over the next five years. The investment is in line with key resolutions of the recently held Dakar II Summit in Senegal, and is expected to expand certified seed production to 17,500 metric tonnes yearly – and also develop 50,000 hectares of new land for soybean production. It is anticipated that soybean cultivation will increase from the current 218,000 tonnes per year to 400,000 metric tonnes annually, and contribute to a yield upsurge of 40 percent after the investment. Chief Director at Ministry of Food and Agriculture, Robert Ankobia – who revealed this to the B&FT, said the move is to achieve self-sufficiency in soybean production for the domestic market by expanding cultivation and increasing competitiveness in the value chain. MoFA says US$21million of the amount will be expended on research and ...

Source: Thebftonline