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Senagal Rice Imports
First quarter 2007 rice imports totaled 238,226 MT, up 21percent compared to the previous quarter. Imports of all rice grades remain dominated by Thailand, although South American countries, namely Brazil, Uruguay and Argentina continue to increase their shipments to Senegal. There were no shipments from the U.S. during this quarter.

Executive Summary

Senegal’s overall rice imports in 2006 totaled nearly 797,000 tons. Thailand, Vietnam, India, Brazil and Uruguay were the leading export countries to Senegal. Imports from the United States were 3,102 tons of semi-milled rice, all through food aid monetization programs.

During the first quarter of 2007, Senegal’s rice imports totaled nearly 238,000 tons, up from 196,419 tons in the previous quarter. Imports decreased in March; down at about 41,000 tons from 113,352 tons in February. This is usually the case when the commercial stocks are high. However, these figures are lower than the average quarterly imports of nearly 200,000 tons over the last six quarters. Approximately, 95% of these imports were broken rice from Thailand, Brazil, Argentina and Uruguay. Only about 11,000 tons of semi-milled rice was imported from Thailand during this quarter, which confirms consumers’ preference for broken rice. Most of the demand for rice (about 175,000 tons a quarter) is still met by imports.

Senegal’s imports were affected by the political crisis in Thailand, the suspension of exports in Vietnam, and the flooding in Indonesia. The Marketing Regulation Agency reported that in mid-January, the regulation stocks were below its normal level and would not meet demand for the next two months. The higher prices in the international market reduced imports in the previous quarters. Consequently, the regulation stocks were reduced to less than 100,000 tons, which led to an increase in wholesale and retail prices. The Agency forecasts that the shipments in February would increase the regulation stock to 200,000 tons by March 15.

However, this decision did not translate into a decrease in price. Prices have increased 10 to 12 percent over the quarter.

Mrs. Oranuj Osatanada, Thailand Vice Minister of Commerce visited Senegal in March along with a few Thai rice companies to meet with Senegal’s Minister of Commerce and discuss rice trade between the two countries. This diplomatic move is reportedly related to the increasing imports from South American countries, namely Brazil, Uruguay and Argentina. Senegal imports 70% of its total rice imports from Thailand.

Exchange Rate: U.S. $1 = CFA franc 492 on June 11, 2007.
MGR Archive 21.6.2007
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Russia Rapan $ 700
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