Việt Nam’s rice exports to Senegal surge nearly 30-fold

2h ago
31-03-2026 10:09:29+07:00

Việt Nam’s rice exports to Senegal surge nearly 30-fold

Vietnamese fragrant rice, including 100 per cent broken rice, is widely available in Senegalese supermarkets in 5kg and 25kg packs, retailing at around US$1.3 per kg.

Rice packaging for export at the factory of Thảo Sơn One Member Limited Liability Food Company, under Lộc Trời Group JSC. — VNA/VNS Photo

Việt Nam’s rice exports to Senegal recorded a sharp surge last year, reaching 168,020 tonnes worth US$52.57 million, nearly 30 times higher than in 2024.

Data from the Vietnamese Department of Customs show that Vietnamese fragrant rice, including 100 per cent broken rice, is widely available in Senegalese supermarkets in 5kg and 25kg packs, retailing at around $1.3 per kg.

During National Assembly Chairman Trần Thanh Mẫn’s official visit to Senegal in July 2025, the two countries signed a memorandum of understanding (MoU) on the rice trade. The agreement targets annual exports of approximately 100,000 tonnes of Vietnamese rice to Senegal, aiming to enhance the African nation’s food security while helping Việt Nam expand market access in Africa and diversify export destinations. The implementation of the MoU is currently underway, supporting the recent surge in export value.

According to the Việt Nam Trade Office in Algeria, which also covers Senegal, the West African country is a major global rice importer, purchasing roughly one million tonnes each year, primarily low-cost 100 per cent broken rice. Senegal also records one of the region’s highest per-capita rice consumption levels, estimated at 117 kilogrammes annually.

The US Department of Agriculture forecasts Senegalese rice consumption at approximately 2.26 million tonnes in the 2025–2026 marketing year, up 2 per cent year-on-year due to population growth. Imports are projected to reach 1.5 million tonnes in 2026, meeting around 70 per cent of domestic demand. Key suppliers include India, Thailand, China, Pakistan, Uruguay and Việt Nam. In addition to domestic consumption for its population of more than 19.3 million, Senegal imports rice for re-export to neighbouring markets such as Mauritania, Guinea-Bissau and Gambia.

Senegal is simultaneously advancing its second National Rice Development Strategy (NRDS 2), which aims to raise paddy output to 3 million tonnes by 2030 to improve self-sufficiency. Domestic milled rice production in the 2025–2026 season is expected to reach about 645,000 tonnes cultivated across 245,000 hectares, supported by government investment in mechanisation, irrigation systems and certified seed distribution.

Since January 6, 2026, the Senegalese Government has imposed a retail price cap of 300 CFA francs per kg on imported broken rice, about 14 per cent lower than the previous ceiling of 350 CFA francs/kg, to curb living costs amid volatile global prices. However, the measure may squeeze profit margins for importers and distributors as international prices continue to rise.

Rice imports into Senegal are subject to multiple levies, including a 10 per cent import duty on white rice, an 18 per cent value-added tax, a 1 per cent statistical fee and a 0.8 per cent community solidarity tax, though authorities frequently adjust fiscal policies to maintain domestic price stability. 

Bizhub

- 11:30 30/03/2026





NEWS SAME CATEGORY

Việt Nam’s cashew industry faces raw material supply challenges

While businesses are forced to import raw cashews at high prices, farmers in the country’s key cashew-growing regions continue to face unstable livelihoods.

PM seeks to accelerate construction of strategic oil reserve near one of the country's biggest refineries

Việt Nam would continue working with relevant countries and partners to secure stable crude oil inputs for the refinery, while promoting solutions to facilitate the...

Eight trillion advanced to petrol price stabilisation fund

Prime Minister Phạm Minh Chính has issued Decision No. 483/QĐ-TTg approving an additional VNĐ8 trillion (US$303.74 million) from the 2026 State budget estimate for...

Environmental protection tax on fuels cut to zero to curb rising energy costs

Following the tax cuts, domestic retail fuel prices dropped significantly from March 26, without using the price stabilisation fund.

Vietnam cuts petrol tax to stabilise market

Vietnam has temporarily cut its environmental protection tax on petrol, diesel and jet fuel to zero, as the government moves to stabilise the domestic fuel market...

Brewing global ties for Vietnamese coffee growth

Global Coffee Alliance (GCA) has been officially launched at the 2026 International Coffee Conference on March 26 in Hà Nội, opening a new space for multinational...

HCM City pilots pork trading on commodity exchange

HCM City is set to pilot pork trading on the Việt Nam Commodity Exchange, marking the first initiative of its kind nationwide, as part of efforts to enhance price...

Biofuel sales boosted for energy security

Biofuels are being positioned as a key component in diversifying the national energy mix as challenges increase in petrol supply during the Middle East tension.

Squid, octopus exports pick up early in 2026

Export turnover of squid surpassed $64 million, rising nearly 30 per cent, while octopus exports generated more than $47 million, up over 16 per cent.

Gov't proposes halving fuel taxes to ease price pressure

Under a draft resolution of the National Assembly’s Standing Committee, the taxes on gasoline (excluding ethanol-blended fuel) and diesel are proposed to be halved...

Commodity prices


MOST READ


Back To Top