The upward push in the fee of palm oil is passing

The price of palm oil, mainly imported from Malaysia and Indonesia, rose at the beginning of the year in Senegal. A severe blow to households already affected by the effects of the health crisis. But the direction of internal trade is reassuring: the increase in world price fluctuations would be only temporary.

From our Dakar correspondent,

After receiving his salary, a commercial agent Penda Diop buys a can of refined palm oil every month. “I use palm oil a lot for cooking,” she explains. But the 20-liter container went from 15,000 to 17,000 CFA francs, a little less than 26 euros, an increase of at least 3 euros at least. “The increase is tough, because with coronavirus, work does not work. Too much.”

This increase is a consequence of the world price of palm oil, which has risen in recent weeks, explains the direction of internal trade.

But in the Ouakam market, Massamba Sarr, a trader, does not know how to give the pill to his customers: “Customers are not satisfied at all. They do not know why it went up and they think sellers did it. While it’s not us! ”

A temporary situation

This situation is cyclical, assures the head of the regional trade service in Dakar. According to Serigne Diaw, inventories are satisfactory. For supplies, containers are on their way from Asia, but also from countries in the sub-region such as Ghana, Ivory Coast and Benin.

Senegal, for its part, produces peanut oil: but it is still more expensive than imported palm oil.

►Read also: Priority Santé le blog – Why so much controversy over palm oil?

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