The initiative focuses on rehabilitating traditional oil palm plantations, establishing modern refining capacity, and enhancing local value addition to meet surging national and regional demand for edible oils.
The project is expected to help Senegal reduce dependence on imported refined oils, improve oil extraction rates through shorter post harvest intervals, and create a more competitive value chain for smallholder growers.
The initiative brings together Olam Agri’s existing baker-development programmes across several African markets under a broader platform designed to expand skills development and economic opportunities in the baking sector.
The surge reflects Senegal’s policy shift toward favouring local processing of groundnuts, which has coincided with a sharp decline in raw peanut exports as more of the crop is crushed domestically into oil.
Rising wheat use, lower import prices and new milling capacity are driving Senegal’s growing dependence on imported wheat, while regional flour trade adds to demand.