Price exceeds market reference to support rural producers and food sovereignty
National peanut output dropped 33% between 2022 and 2024, official data shows
Senegal has set the guaranteed minimum purchase price for peanuts at 305 CFA francs per kilogram for the 2025-2026 marketing season. Agriculture Minister Mabouba Diagne confirmed the price, unchanged from last season, in a post on his X account on Nov. 27.
Diagne said the decision reflects the government’s commitment to supporting the sector. Analyses of historical prices and of international markets in Rotterdam and China had initially suggested a reference price of 250 CFA francs per kilogram.
“This measure supports rural households, strengthens current production momentum and reinforces Senegal’s food sovereignty over the long term,” Diagne said. The policy is part of the government’s effort to revive peanut production.
According to data from the National Council for Rural Consultation and Cooperation reported by local outlet Senego on Nov. 25, Senegal’s peanut harvest for the 2024-2025 season is estimated at nearly 960,000 tons. Data from the National Agency of Statistics and Demography shows national production fell by about 33 percent, from 1.5 million tons in 2022-2023 to 1.05 million tons in 2023-2024.
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