Market situation in a nutshell:To download the issue 10 of Grains Farmers, the bulletin of information about cereal market in West Africa, Click Here
During the month of May, commercial transactions in the cereal markets intensified with the arrival of the Muslim Ramadan. In general, the good rice and maize crops recorded in the current marketing year are now sufficient to feed the market and stabilize prices. But for Millet and Sorghum, stocks are falling more and more and seasonal rises are already beginning to be felt in many markets of the main producing countries. The trends observed by country and by cereal speculation are as follows:
- For rice, as observed in the past month, the quantities of rice put on the market during this month of May made it possible to have more availability and, consequently, to stabilize prices in all the markets of the 9 (Benin, Togo, Ghana, Côte d'Ivoire, Guinea, Niger, Burkina Faso, Mali, and Senegal)
- For maize, the quantities placed on the market during this month of May have caused a slight decrease in prices in Benin. The rise observed in April continued for Niger during this month, while the stability recently observed for all the other countries continued.
- During the month of May, 5 of the 9 countries followed, namely Senegal, Mali, Burkina Faso, Niger and Ghana, recorded a rise in prices compared to last month, while The trend is towards stability in other markets in Benin, Togo, Côte d'Ivoire and Guinea
- For sorghum, supplies are falling on the markets of the main producing countries and prices are rising in the markets of Niger, Burkina Faso, Mali, Senegal and Guinea, while stability is needed in the other markets of Benin, Togo, Ghana and Côte d'Ivoire.