AreaSenegal

Commodity GroupOilseeds, oils and meals

CommodityGroundnuts

Date01/05/2018

Policy CategoryConsumption and marketing

Policy InstrumentMarket regulation

DescriptionSigned a memorandum of understanding with industry stakeholders to regulate the marketing of crude and refined groundnut oil.

NotesThe Government of Senegal signed a memorandum of understanding with industry stakeholders to regulate the marketing of raw and refined groundnut oil in the country. The agreement defines sale and purchase obligations of artisanal processors and industrial refiners, while the Government will be in charge of operating safety reserves and regulating imports. The initiative is aimed at improving domestic market transparency and efficiency while improving consumer access to edible groundnut oil.