Senegalese Minister of Industry and Commerce explains meat price hike due to reduced Malian livestock supply
The Minister of Industry and Commerce, Serigne Gu猫ye Diop, has attributed the recent increase in meat prices in Senegal to a reduced supply of livestock from Mali. During a visit to Kaolack, the Minister noted that the price of beef has risen to 5,500 CFA francs per kilogram, and mutton to 7,000 CFA francs. He explained that the decrease in livestock supply is due to reduced truck circulation at the Mali border, impacting the regular arrival of herds and leading to a lower market supply. The Minister emphasized that the law of supply and demand is at play, where low supply drives up prices. He highlighted Senegal's significant dependence on livestock imports, stating that the country does not produce enough cattle or sheep for local consumption. For instance, during Tabaski, Senegal needs to import between 300,000 and 400,000 sheep to meet demand. Diop stated that the only long-term solution to the price increase is to boost national meat production, suggesting that the rainy season could gradually improve livestock availability and quality. He also mentioned that meat is a free-market product not subject to price regulation, limiting the state's short-term intervention. Despite the price surge, the Minister assured that the market's evolution is being closely monitored, especially with the upcoming Gamou festival. During his tour, he also observed the availability of essential goods like onions, potatoes, oil, and sugar.
