Market situation in a nutshell:
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During the month of May 2019, with the arrival of the Muslim fast, the commercial activities experienced a renewed enthusiasm. The good productions of rice and maize recorded both at the level of the West African region and at the international level allow for the moment to feed the markets well and to provoke price stability in the face of the good demand. For millet and sorghum, on the other hand, the strong demand from both consumers, stock keepers, and institutional buyers has started to cause slight increases in some markets, as in Niger, but the trend is still not widespread in all markets. By country and by speculation, the trend is as follows:
For rice: The trend has been towards price stability in the markets of 8 countries namely Senegal, Guinea, Mali, Ivory Coast, Burkina-Faso, Ghana, Togo and Benin. Only Niger has seen price declines in its markets.
For maize: Apart from Burkina-Faso where price decreases were recorded and Niger where the trend was on the rise, in all 7 other countries monitored namely Senegal, Guinea, the Mali, Côte d'Ivoire, Ghana, Togo and Benin, the trend was towards price stability compared to last month.
For millet: The rise in prices during the month of May 2019 begun to be visible on the markets of Niger and Burkina-Faso while the trend on the markets of the 7 other countries monitored was stable. These are Senegal, Guinea of Mali, Côte d'Ivoire, Ghana, Togo, and Benin.
For sorghum: The trend has been towards price stability on almost all markets monitored. In fact, 7 countries, namely Senegal, Mali, Côte d'Ivoire, Burkina-Faso, Ghana, Togo, and Benin recorded stable prices, while only Niger observed a rise in prices. its markets