Market situation in a nutshell:
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During the month of October 2018, better than in September, new crops began to appear on the markets of West African countries, followed by an improvement in the availability of different cereals (maize, millet, sorghum, rice). As a result, prices began their seasonal decline, signalling the end of the lean season and the start of the marketing period for the new cereal harvests.
By sector, the situation is as follows:
For rice: During the month of October 2018, 2 countries (Senegal and Niger) experienced slight price increases in their markets. Prices remained stable in the markets of 5 countries (Guinea, Mali, Burkina-Faso, Ghana, Benin) and 2 countries experienced price decreases namely the Republic of Côte d'Ivoire and Togo.
For maize: Slight price declines were observed on the markets of 4 countries followed namely Mali, Ivory Coast, Togo while the trend was towards price stability in Senegal, Guinea, Ghana , Benin, and Niger.
For millet: While 7 countries (Senegal, Mali, Ivory Coast, Ghana, Togo, Benin, Niger) on the 9 follow-ups recorded a price stability on their markets, the trend was rather downward in Burkina-Faso whose supply has improved with the actual presence of new crops on the markets and the rise in prices in Guinea due to the weakening of supply.
For sorghum: While Mali and Burkina-Faso recorded slight price decreases related to new harvests and the destocking of old stocks by the actors, the trend was towards price stability on the Senegal, Côte d'Ivoire and Côte d'Ivoire markets. Ivory Coast, Ghana, Togo, Benin and Niger.