The investment aims to help rice farmers across the United States, Europe, India, Pakistan and Thailand adopt climate-smart agricultural practices.
This investment project, which mobilizes foreign capital, is also a boost for the implementation of the National Agricultural Sector Development Plan (NADP) adopted in 2024.
FAS forecasts a 2.2% rise in corn imports for MY 2025-26, reaching 15.8 million tonnes, the highest volume in six years.
Under the terms of the lease, Nile Logistics is required to build sustainable market linkages for both raw and processed rice and employ at least 60% of its staff from within the local community.
Senegal, which imports approximately 1.65 million mt of milled rice annually to cover about 70% of its domestic demand, paused imports to reduce local oversupply.