Trade and markets
 

Detail

Area
Senegal
Commodity Group
Oilseeds, oils and meals
Commodity
Groundnuts
Date
01/05/2018
Policy Category
Consumption and marketing
Policy Instrument
Market regulation
Description
Signed a memorandum of understanding with industry stakeholders to regulate the marketing of crude and refined groundnut oil.
Notes
The 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.