Vietnam's rice exports to Senegal remain low compared to demand

Published 2024년 3월 18일

Tridge summary

Việt Nam's rice exports to Senegal, a primary supply source, remain modest with only 12,000 tonnes shipped in 2023, compared to Senegal's annual purchase of 1.3 million tonnes. Senegal's main rice suppliers include India, Thailand, China, Pakistan, Uruguay, and Việt Nam. In 2022, the Senegalese government abolished VAT on imported rice and reduced import duties to maintain purchasing power. It is anticipated that due to scarce supply and the upcoming 2024 presidential elections, Senegal will increase its imports of broken rice from Asia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Despite being one of the primary supply sources for Senegal – a country with one of the highest per capita rice consumption rates in West Africa, Việt Nam's rice exports to this nation remain modest. According to the Việt Nam Trade Office in Algeria and Senegal, Việt Nam shipped 12,000 tonnes of rice to Senegal in 2023, resulting in a turnover of US$5.35 million, up 215 per cent year-on-year. However, the amount is small compared to the African country’s purchase of 1.3 million tonnes of rice in that year. Senegal imports between 900,000 and 1 million tonnes of the grain annually, mostly low-priced 100 per cent broken rice. Its main suppliers include India, Thailand, China, Pakistan, Uruguay, and Việt Nam. Apart from serving the domestic market of over 18 million people, the country also imports rice for re-export to neighbouring ones such as Mauritania, Guinea-Bissau, and Gambia. At the beginning of 2022, facing rising food prices, the Senegalese government implemented measures ...
Source: WTOCenter

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