Market situation in a nutshell:
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During the month of November, markets continued to be well supplied with new grains, all of which resulted in price stability or lower prices. A rather good production of the current agricultural campaign was confirmed by the Food Crisis Prevention Network, which met during this month of November 2017. This network has indeed estimated the forecast of cereal production for the 2017 campaign / 2018 to 68.3 million tons, an annual increase of 4% with reference to the period 2005-2017. By market, the situation is as follows:
For rice: In November, with the exception of Côte d'Ivoire, the trend was towards stability or even a slight drop in prices on West African markets followed. Stabilities were observed in Benin, Togo, Niger, Burkina-Faso, Mali and Niger while slight decreases were observed in Ghana and Senegal. In Côte d'Ivoire, there was exceptionally a slight increase in prices due to low marketing despite good availability.
For maize: Prices fell in the three Sahelian countries where they were still high: Senegal, Mali, Burkina Faso, and Niger. On the other hand, they remained stable in the coastal countries where they were already lower thanks to the harvests of the 1st cycle of the forest areas.
For millet: the production of millet for the current harvest seems acceptable and the quantities put on the market allow the moment to stabilize the prices on almost all the markets followed. Note that for the 8 countries monitored; only Senegal recorded a slight decrease in price. The trend is towards market stability in the other 7 West African countries monitored (Benin, Togo, Ghana, Ivory Coast, Niger, Burkina-Faso, Mali)
For sorghum: During this month of November 7 of the 8 countries monitored recorded price stability. These are Benin, Ghana, Côte d'Ivoire, Niger, Burkina Faso, Mali and Senegal. Only Togo has seen a slight drop in prices on its markets