Browse Data and Analysis

Senegal MY 2025/26 peanut area harvested is forecast at 850,000 HA, a five percent year-over-year increase. Senegal’s subsidized prices for seeds and fertilizers are expected to motivate farmers to plant more. MY 2025/26 peanut production is forecast at 770,000 MT.

MY 2025/26 soybean crushing demand to grow at a slower pace of two percent due to slow economic recovery with uncertainties from the U.S. reciprocal tariff measures.

While the United States holds a 5-year average of less than 1 percent market share ($20.7 million in 2023 exports), Senegal has a growing food manufacturing industry that seeks cost-competitive ingredients and is expanding its exports to neighboring countries.

MY 2023/24 and MY 2024/25 soybean crush will be well below the five-year pre-pandemic average annual growth due to a slow economic recovery.

FAS Bangkok (Post) expects soybean imports to rebound in Marketing Year (MY) 2022/23 and further increase to around 4 million metric tons in MY2023/24, driven by strong demand for poultry and swine feed.

FY2022 agricultural exports reach record levels.

Senegal Marketing Year (MY) 2022/23 area and production levels are forecast to increase 1.6 percent and 7 percent at 1.23 million hectares (Mha) and 1.8 million tons (Mt), respectively, on expectations of a good farm gate price, typical weather conditions, and appropriate use of fertilizer. Post forecasts MY 2022/23 exports at 460,000 tons, increasing 15 percent compared to the previous year based on available supply and higher demand.

Marketing Year (MY) 2022/23 soybean imports are expected to increase 5 percent from a slow import growth in MY2021/22, driven by the recovery in hotel and food service sector. Palm oil production in MY2021/22 and MY2022/23 is expected to continue the upward trend.

FY2021 agricultural exports reach record levels.

In the first quarter of 2021, U.S. soybean exports reached the second-highest value ever at $7.7 billion, nearly double the same period last year.

The gradual economic recovery from the COVID-19 pandemic is expected to continue to drive up import demand for soybeans in MY2020/21 and MY2021/22

The 2020 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world. This summary lists only the United States’ primary trading partners.