Market situation in a nutshell:
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During the month of September 2018, overall available stocks of cereals have seen decreases especially for millet and sorghum. However, prices remained stable in the majority of the markets monitored thanks to the (still tentative) appearance of new crops in some markets and thanks to the large imports that helped improve supply. Thus, we should take notice that, we are gradually heading towards the end of the lean season in the West African countries monitored and prices have not gone up excessively high.
For rice: With the exception of Côte d'Ivoire where there has been a slight decline in prices following the marketing of new rice, and Niger where slight price increases related to the depletion of stocks in the face of non-weak demand, the trend has been towards stability in all 7 other markets monitored (Senegal, Guinea, Mali, Burkina Faso, Ghana, Togo and Benin)
For maize: 3 countries (Senegal, Guinea, Mali) experienced slight price increases following the depletion of stocks and poor market supply, while 2 countries (Côte d'Ivoire and Niger) experienced slight declines following the introduction of new maize. Stability has been more prevalent in 4 countries namely Burkina Faso, Ghana, Togo and Benin.
For millet: The trend has been towards price stability in the majority of the markets monitored (Senegal, Mali, Ivory Coast, Ghana, Togo, Benin), it has been declining in 2 countries (Burkina Faso and Niger). Only Guinea has seen a slight price increase in its markets.
For Sorghum: Price fluctuations have been very variable depending on the country. While the situation was stable in the markets of Senegal, Côte d'Ivoire, Ghana, Togo, Benin, and Mali, Burkina Faso recorded a slight increase in price while Niger observed a slight decrease in price.