IBOV 170,331 ▼ 2.22% IPSA 10,304 ▼ 0.54% IPC MEX 67,392 ▼ 1.31% MERVAL 3,174,511 ▼ 1.54% COLCAP 2,228.19 ▼ 0.48% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.06 ▼ 0.03% USD/MXN 17.27 ▼ 0.37% USD/CLP 894.81 ▼ 0.10% USD/COP 3,564 ▼ 0.65% USD/PEN 3.41 ▲ 0.07% USD/ARS 1,437 ▼ 0.17% USD/UYU 40.36 ▲ 1.76% USD/PYG 6,037 ▲ 1.68% USD/BOB 6.86 ▲ 1.82% USD/DOP 58.21 ▲ 0.88% USD/CRC 456.90 ▲ 3.01% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.64 ▲ 0.49% USD/NIO 36.62 ▲ 0.34% USD/VES 561.88 ▲ 0.39% USD/PAB 1.00 ▲ 2.22% USD/BZD 2.00 ▲ 1.65% USD/JMD 157.19 ▲ 0.75% USD/TTD 6.66 ▲ 0.18% EUR/BRL 5.88 ▲ 0.86% BRENT 95.42 ▲ 0.41% WTI 93.19 ▲ 0.16% IRON ORE 161.91 — — COPPER 6.43 ▼ 1.29% GOLD 4,464 ▼ 0.27% SILVER 72.60 ▼ 1.60% SOY 1,130 ▲ 0.02% CORN 422.50 ▼ 0.47% WHEAT 581.00 ▼ 0.13% COFFEE 247.35 ▼ 2.27% SUGAR 14.28 ▲ 0.28% ORANGE JUICE 168.75 ▲ 0.21% COTTON 74.36 ▼ 3.09% COCOA 3,929 ▼ 3.51% BEEF 241.68 ▼ 2.01% CATTLE 353.38 ▲ 3.14% LITHIUM 83.28 ▼ 1.86% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% BBAS3 19.53 ▼ 1.81% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CSNA3 6.68 ▼ 6.31% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% GGBR4 24.13 ▼ 2.11% ENEV3 24.23 ▼ 4.42% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.46% CMIG4 10.86 ▼ 1.27% EQTL3 39.81 ▲ 1.89% LREN3 14.64 ▼ 5.67% VIVT3 33.75 ▼ 0.15% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 51.57 ▼ 1.15% GMEXICO 211.45 ▼ 1.21% FEMSA 211.59 ▼ 0.10% CEMEX 22.39 ▼ 0.27% GFNORTE 179.89 ▼ 0.44% BIMBO 57.14 ▼ 2.12% TELEVISA 9.34 ▲ 3.32% AMX 21.90 ▼ 1.35% GAP 414.21 ▼ 1.02% ASUR 292.80 ▼ 1.34% OMA 215.43 ▼ 1.93% KOF 184.60 ▼ 1.31% GRUMA 290.36 ▼ 1.38% KIMBER 37.71 ▼ 1.00% SQM-B 69,655 ▼ 1.89% COPEC 6,115 ▲ 0.25% BSANTANDER 68.11 ▲ 0.01% FALABELLA 5,574 ▲ 2.28% ENELAM 76.56 ▼ 0.27% CENCOSUD 2,160 ▼ 0.36% CMPC 1,050 ▲ 2.14% BANCO CHILE 165.50 ▲ 0.92% LATAM AIR 22.26 ▼ 0.13% YPF 83,850 ▲ 0.96% GGAL 7,340 ▼ 0.14% PAMPA 5,135 ▲ 0.39% TXAR 700.00 ▲ 3.32% ALUAR 1,009 ▼ 0.59% TGS 9,245 ▲ 0.43% CEPU 2,277 ▼ 1.39% MIRGOR 17,000 ▲ 0.44% COME 47.31 ▼ 1.25% LOMA NEGRA 3,445 ▼ 0.22% BYMA 293.50 ▲ 0.17% TELECOM ARG 4,015 ▼ 0.93% ECOPETROL 15.64 ▲ 0.39% BANCOLOMBIA 72.33 ▲ 0.11% GRUPO AVAL 4.90 ▼ 1.61% CREDICORP 326.47 ▼ 0.29% SOUTHERN COPPER 194.09 ▼ 1.27% BUENAVENTURA 34.27 ▲ 1.21% MERCADOLIBRE 1,635 ▼ 0.23% NUBANK 12.12 ▲ 4.12% XP 15.64 ▲ 0.26% PAGSEGURO 8.81 ▲ 0.46% STONE 10.76 ▲ 1.13% GLOBANT 39.58 ▼ 0.23% TECNOGLASS 42.74 ▲ 0.92% GAP AIRPORT 239.64 ▼ 0.45% ASUR 292.80 ▼ 1.34% OMA AIRPORT 99.76 ▼ 1.40% AMX ADR 25.34 ▼ 0.78% FEMSA ADR 122.53 ▲ 0.59% CEMEX ADR 12.94 ▲ 0.31% PETROBRAS ADR 18.06 ▼ 0.71% VALE ADR 15.77 ▼ 1.81% ITAU ADR 7.64 ▲ 0.66% SANTANDER BR 5.35 ▲ 0.85% AMBEV ADR 3.11 ▼ 0.96% CSN 1.31 ▼ 0.38% GERDAU 4.71 ▼ 0.95% LATAM ADR 49.71 — 0.00% BTC 62,746 ▼ 1.98% ETH 1,735 ▼ 4.25% SOL 67.48 ▼ 5.77% XRP 1.14 ▼ 4.81% BNB 596.51 ▼ 3.80% ADA 0.16 ▼ 19.38% DOGE 0.09 ▼ 5.36% AVAX 7.44 ▼ 7.58% LINK 7.84 ▼ 5.91% DOT 1.02 ▼ 7.93% LTC 45.13 ▼ 4.27% BCH 241.53 ▼ 0.51% TRX 0.33 ▼ 1.80% XLM 0.20 ▼ 6.22% HBAR 0.08 ▼ 3.30% NEAR 2.15 ▼ 23.65% ATOM 1.79 ▼ 3.69% AAVE 69.54 ▼ 6.55% SELIC 14.50% EMBRAER 69.67 ▼ 3.17% EMBRAER ADR 56.51 ▲ 2.37% JBS 12.21 ▲ 2.78% JBS BDR 59.90 ▼ 1.17% MBRF3 15.78 ▼ 0.44% MBRFY 3.16 ▲ 3.27% INTER 5.76 ▼ 0.69% EGX 52,653 ▲ 0.17% USD/ZAR 16.33 ▲ 0.25% USD/NGN 1,358 — 0.00% NIKKEI 66,661 ▼ 1.20% CSI300 4,908 ▲ 0.07% HSI 25,054 ▼ 0.79% NIFTY 23,417 ▲ 0.05% KOSPI 8,285 ▼ 4.10% JCI 5,689 ▼ 2.59% USD/JPY 159.96 — 0.00% USD/CNY 6.7738 ▲ 0.01% DAX 24,945 ▲ 0.60% CAC 8,244 ▲ 1.15% FTSE 10,360 ▲ 0.27% MIB 50,174 ▲ 0.27% IBEX 18,276 ▲ 0.55% STOXX 624.45 ▲ 0.52% EUR/USD 1.1618 ▼ 0.02% GBP/USD 1.3427 ▼ 0.01% SPX 7,584 ▲ 0.41% DJI 51,562 ▲ 1.73% NDX 30,408 ▼ 0.53% RUT 2,935 ▲ 1.45% TSX 35,217 ▲ 1.19% VIX 15.40 ▼ 4.11% USD/CAD 1.3904 ▲ 0.01% US10Y 4.4770 ▼ 0.31% IBOV 170,331 ▼ 2.22% IPSA 10,304 ▼ 0.54% IPC MEX 67,392 ▼ 1.31% MERVAL 3,174,511 ▼ 1.54% COLCAP 2,228.19 ▼ 0.48% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.06 ▼ 0.03% USD/MXN 17.27 ▼ 0.37% USD/CLP 894.81 ▼ 0.10% USD/COP 3,564 ▼ 0.65% USD/PEN 3.41 ▲ 0.07% USD/ARS 1,437 ▼ 0.17% USD/UYU 40.36 ▲ 1.76% USD/PYG 6,037 ▲ 1.68% USD/BOB 6.86 ▲ 1.82% USD/DOP 58.21 ▲ 0.88% USD/CRC 456.90 ▲ 3.01% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.64 ▲ 0.49% USD/NIO 36.62 ▲ 0.34% USD/VES 561.88 ▲ 0.39% USD/PAB 1.00 ▲ 2.22% USD/BZD 2.00 ▲ 1.65% USD/JMD 157.19 ▲ 0.75% USD/TTD 6.66 ▲ 0.18% EUR/BRL 5.88 ▲ 0.86% BRENT 95.42 ▲ 0.41% WTI 93.19 ▲ 0.16% IRON ORE 161.91 — — COPPER 6.43 ▼ 1.29% GOLD 4,464 ▼ 0.27% SILVER 72.60 ▼ 1.60% SOY 1,130 ▲ 0.02% CORN 422.50 ▼ 0.47% WHEAT 581.00 ▼ 0.13% COFFEE 247.35 ▼ 2.27% SUGAR 14.28 ▲ 0.28% ORANGE JUICE 168.75 ▲ 0.21% COTTON 74.36 ▼ 3.09% COCOA 3,929 ▼ 3.51% BEEF 241.68 ▼ 2.01% CATTLE 353.38 ▲ 3.14% LITHIUM 83.28 ▼ 1.86% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% BBAS3 19.53 ▼ 1.81% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CSNA3 6.68 ▼ 6.31% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% GGBR4 24.13 ▼ 2.11% ENEV3 24.23 ▼ 4.42% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.46% CMIG4 10.86 ▼ 1.27% EQTL3 39.81 ▲ 1.89% LREN3 14.64 ▼ 5.67% VIVT3 33.75 ▼ 0.15% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 51.57 ▼ 1.15% GMEXICO 211.45 ▼ 1.21% FEMSA 211.59 ▼ 0.10% CEMEX 22.39 ▼ 0.27% GFNORTE 179.89 ▼ 0.44% BIMBO 57.14 ▼ 2.12% TELEVISA 9.34 ▲ 3.32% AMX 21.90 ▼ 1.35% GAP 414.21 ▼ 1.02% ASUR 292.80 ▼ 1.34% OMA 215.43 ▼ 1.93% KOF 184.60 ▼ 1.31% GRUMA 290.36 ▼ 1.38% KIMBER 37.71 ▼ 1.00% SQM-B 69,655 ▼ 1.89% COPEC 6,115 ▲ 0.25% BSANTANDER 68.11 ▲ 0.01% FALABELLA 5,574 ▲ 2.28% ENELAM 76.56 ▼ 0.27% CENCOSUD 2,160 ▼ 0.36% CMPC 1,050 ▲ 2.14% BANCO CHILE 165.50 ▲ 0.92% LATAM AIR 22.26 ▼ 0.13% YPF 83,850 ▲ 0.96% GGAL 7,340 ▼ 0.14% PAMPA 5,135 ▲ 0.39% TXAR 700.00 ▲ 3.32% ALUAR 1,009 ▼ 0.59% TGS 9,245 ▲ 0.43% CEPU 2,277 ▼ 1.39% MIRGOR 17,000 ▲ 0.44% COME 47.31 ▼ 1.25% LOMA NEGRA 3,445 ▼ 0.22% BYMA 293.50 ▲ 0.17% TELECOM ARG 4,015 ▼ 0.93% ECOPETROL 15.64 ▲ 0.39% BANCOLOMBIA 72.33 ▲ 0.11% GRUPO AVAL 4.90 ▼ 1.61% CREDICORP 326.47 ▼ 0.29% SOUTHERN COPPER 194.09 ▼ 1.27% BUENAVENTURA 34.27 ▲ 1.21% MERCADOLIBRE 1,635 ▼ 0.23% NUBANK 12.12 ▲ 4.12% XP 15.64 ▲ 0.26% PAGSEGURO 8.81 ▲ 0.46% STONE 10.76 ▲ 1.13% GLOBANT 39.58 ▼ 0.23% TECNOGLASS 42.74 ▲ 0.92% GAP AIRPORT 239.64 ▼ 0.45% ASUR 292.80 ▼ 1.34% OMA AIRPORT 99.76 ▼ 1.40% AMX ADR 25.34 ▼ 0.78% FEMSA ADR 122.53 ▲ 0.59% CEMEX ADR 12.94 ▲ 0.31% PETROBRAS ADR 18.06 ▼ 0.71% VALE ADR 15.77 ▼ 1.81% ITAU ADR 7.64 ▲ 0.66% SANTANDER BR 5.35 ▲ 0.85% AMBEV ADR 3.11 ▼ 0.96% CSN 1.31 ▼ 0.38% GERDAU 4.71 ▼ 0.95% LATAM ADR 49.71 — 0.00% BTC 62,746 ▼ 1.98% ETH 1,735 ▼ 4.25% SOL 67.48 ▼ 5.77% XRP 1.14 ▼ 4.81% BNB 596.51 ▼ 3.80% ADA 0.16 ▼ 19.38% DOGE 0.09 ▼ 5.36% AVAX 7.44 ▼ 7.58% LINK 7.84 ▼ 5.91% DOT 1.02 ▼ 7.93% LTC 45.13 ▼ 4.27% BCH 241.53 ▼ 0.51% TRX 0.33 ▼ 1.80% XLM 0.20 ▼ 6.22% HBAR 0.08 ▼ 3.30% NEAR 2.15 ▼ 23.65% ATOM 1.79 ▼ 3.69% AAVE 69.54 ▼ 6.55% SELIC 14.50% EMBRAER 69.67 ▼ 3.17% EMBRAER ADR 56.51 ▲ 2.37% JBS 12.21 ▲ 2.78% JBS BDR 59.90 ▼ 1.17% MBRF3 15.78 ▼ 0.44% MBRFY 3.16 ▲ 3.27% INTER 5.76 ▼ 0.69% EGX 52,653 ▲ 0.17% USD/ZAR 16.33 ▲ 0.25% USD/NGN 1,358 — 0.00% NIKKEI 66,661 ▼ 1.20% CSI300 4,908 ▲ 0.07% HSI 25,054 ▼ 0.79% NIFTY 23,417 ▲ 0.05% KOSPI 8,285 ▼ 4.10% JCI 5,689 ▼ 2.59% USD/JPY 159.96 — 0.00% USD/CNY 6.7738 ▲ 0.01% DAX 24,945 ▲ 0.60% CAC 8,244 ▲ 1.15% FTSE 10,360 ▲ 0.27% MIB 50,174 ▲ 0.27% IBEX 18,276 ▲ 0.55% STOXX 624.45 ▲ 0.52% EUR/USD 1.1618 ▼ 0.02% GBP/USD 1.3427 ▼ 0.01% SPX 7,584 ▲ 0.41% DJI 51,562 ▲ 1.73% NDX 30,408 ▼ 0.53% RUT 2,935 ▲ 1.45% TSX 35,217 ▲ 1.19% VIX 15.40 ▼ 4.11% USD/CAD 1.3904 ▲ 0.01% US10Y 4.4770 ▼ 0.31%
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Friday, June 5, 2026

Senegal Partners with Turkey for Food Sovereignty Amid Ankara’s Growing African Influence

By · October 31, 2024 · 2 min read

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Senegal has recently signed a significant agreement on agricultural mechanization with the Turkish government. This partnership aims to modernize Senegal’s farming sector and boost food production.

The collaboration comes at a crucial time for Senegal, which faces ongoing food security challenges. The agreement focuses on introducing advanced farming technologies to Senegal.

The Eurasian nation, with its strong agricultural sector, will share its expertise. This could potentially transform Senegal’s farming landscape, increasing crop yields and food self-sufficiency.

Senegal’s agriculture employs 70% of the population but contributes only 16% to GDP. This disparity highlights the sector’s low productivity. The new partnership seeks to address this imbalance by improving efficiency and output.

Agricultural machinery exports from Ankara exceeded $1 billion in 2021. This demonstrates the country’s capability in farm mechanization. Senegal may soon see Turkish-made tractors and equipment in its fields.

Senegal Partners with Turkey for Food Sovereignty Amid Ankara's Growing African Influence
Senegal Partners with Turkey for Food Sovereignty Amid Ankara’s Growing African Influence. (Photo Internet reproduction)
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Senegal’s Push for Food Sovereignty

In 2022, Senegal produced 775,016 tons of white rice but imported 1,487,336 tons. This cost 346.789 billion CFA francs ($61.9 million). The government aims to close this gap by 2028. The agreement aligns with Senegal’s strategy for food sovereignty.

Bilateral trade between Senegal and its Eurasian partner grew by 42% in 2021, surpassing $540 million. The partnership may include farmer training programs, joint research, and agricultural infrastructure investments.

This collaboration is part of Ankara’s expanding economic presence in Africa. Turkish companies have completed 1,864 projects on the continent, totaling $85.4 billion in investments.

Investments from the Eurasian nation in Africa have reached $10 billion. Trade between the transcontinental country and Africa has surged from $5.4 billion in 2003 to over $40 billion in 2022.

This eightfold increase shows growing economic ties. Products and services from the Bosphorus are making significant inroads into African markets.

Turkey’s Expanding Influence in Africa

Turkey has expanded its diplomatic presence in Africa, increasing its embassies from 12 in 2002 to 44 in 2022. Its national airline now flies to more than 60 African destinations, facilitating trade and tourism.

In Senegal, companies from the transcontinental country have undertaken 33 projects valued at $1.2 billion ($214.3 million). Exports to Senegal reached nearly $530 million in 2022, while imports were around $11 million.

Ankara has become a key security partner for several African nations. It has concluded defense agreements with countries including Ethiopia, Ghana, Kenya, Nigeria, and Rwanda. These often include provisions for arms sales.

The Eurasian nation’s approach to Africa emphasizes state sovereignty and refrains from imposing political conditions. This stance, combined with its Muslim identity and lack of colonial history, makes it an attractive partner.

As this collaboration unfolds, its impact on Senegal‘s agricultural productivity will be closely watched. Its success could influence future agricultural policies in other African countries. It could also shape Ankara’s approach to economic cooperation with African nations.

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