GRAIN FARMERS N°12 : July 2017

Market situation in a nutshell:

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During this month of July, the markets were well stocked in cereals in the different countries, with relative stability of prices practiced.

For rice: the trend is towards price stability or even a slight drop in prices in virtually all the markets monitored except Ghana and Niger, which have experienced slight increases in their markets. Declines were observed in the Côte d'Ivoire and Senegal markets whiles price stability was observed in Guinea, Togo, Benin, Mali and Burkina Faso. With the dollar falling this downward trend is expected to continue.

For maize: 3 out of the 9 countries recorded a slight increase in prices in their markets while the trend is towards stability in the markets of the 6 other countries monitored. Price stability was observed in the markets of Guinea, Togo, Benin, Senegal, Mali and Niger, while increases were observed in the markets of Côte d'Ivoire, Ghana and Burkina Faso.

For millet: Slight price increases were recorded in Ghana, Burkina Faso, Niger, while the trend was towards stability in the markets of the 6 other countries followed, namely Guinea, Côte d'Ivoire, Togo, Benin, Senegal and Mali

For Sorghum: Except for Burkina-Faso and Niger, where slight price increases were observed, the trend was towards stability in almost all the markets of the other 7 countries followed, namely Guinea, Côte d'Ivoire Ivory, Ghana, Togo, Benin, Senegal and Mali.

The dollar continued to decline sharply relative to the CFA franc and this tends to lower the price of imported products, especially rice. For each cereal sector the trend is as follows: