Our official mandate and mission: stabilising to protect
SPM has a public-interest mandate to help safeguard Madagascar’s economic and social stability. Faced with fluctuations in global prices and the risk of local speculation, it acts as a shield for the purchasing power of Malagasy households.
SPM’s mission is built around economic stabilisation and social justice. It focuses on the following priorities.
Securing supplies: anticipate and address local market shortages through targeted imports and strategic stocks of essential goods such as rice, as well as strategic products such as fuel and cement.
Stabilising prices: actively combat speculation by supplying wholesalers and local markets at fair, regulated prices.
Supporting local production: act as a reference buyer for Malagasy rice farmers during periods of overproduction or excess stock, providing a stable and fairly remunerated outlet.
Maintaining market balance: work alongside private-sector operators and intervene only as an economic safety net in urban areas and in remote or disaster-affected regions.
Our vision
A stable economy for every Malagasy citizen. By stabilising access to basic goods at fair prices, we contribute to social peace and provide the economic visibility essential to the nation’s future.
Our history
SPM’s creation was announced by the Council of Ministers in November 2019. Its operations began in June 2020.
Legal status
SPM is a limited company majority-owned by the State, under the technical supervision of the Ministry of Trade and Consumer Affairs.
Our values
Integrity
The nation’s public interest guides every decision we make.
Transparency
Our processes are visible, fair and auditable.
Performance
Every resource is turned into tangible results for Madagascar.