When and why does SPM intervene?
SPM stabilises the market when the public interest is at risk. It does not replace the market: it activates its stabilisation mechanisms only in four critical situations.
Climate shocks: cyclones, floods and droughts often affect harvests or damage major supply routes. Our role is to respond immediately to supply shortages.
Speculation and stock withholding: when operators withhold stocks to create an artificial shortage and drive up prices, we release our stocks into the affected market to restore balance.
Excess stocks: at certain times, excessive stock levels push prices down and harm local producers and economic operators.
Global crises: when maritime transport costs or global commodity prices rise sharply — rice, oil, sugar, flour, cement, fuel, etc. — SPM absorbs part of the shock so that Malagasy consumers do not bear its full impact.
How do we act?
Strategic bulk purchasing
SPM negotiates directly with producers to obtain competitive prices.
Stock releases
Defined volumes are released for sale when prices exceed the tolerance threshold.
Regulated distribution
Products are delivered through approved partners committed to respecting price ceilings and quality standards.