Market situation in a nutshell:
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During this month of December, the supply of cereals has increased because of the continued arrival of new crops on the markets monitored by the countries of West Africa.
In the face of good demand and good supply, rice and maize prices were stable in both coastal and Sahelian countries, and sorghum prices remained virtually stable.
However, for millet and contrary to what was expected, there was a slight rise in prices on the markets of the main producing countries namely Niger, Mali and Burkina Faso. This situation is linked to the expectations of the actors who, following the rise in prices, the campaign passed more strongly on this crop, tend to achieve a strong speculative storage this campaign.
Rice: The marketing effects of the new rice crops and the significant imports related to the holiday season helped to meet the rise in holiday demand. Thus, the trend has been towards price stability across all markets monitored.
Maize: The trend has been towards stability in almost all markets in West African countries monitored. Only Ghana recorded a slight decrease in prices.
Millet: The trend has been a slight rise in prices on the markets of the main producing countries such as Mali, Burkina Faso and Niger. Only Senegal recorded stable millet prices in its markets. Prices, on the other hand, have remained relatively stable in the coastal countries.
Sorghum: The sorghum markets have experienced various fortunes. While the trend was for a slight price decrease in the Senegal and Ghana markets, there was price stability in the markets of Mali, Niger, Benin, Togo, and Côte d'Ivoire. Only Burkina Faso recorded a slight rise in prices in certain markets