Market situation in a nutshell:
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During this month of February 2018, the marketing of cereals (rice, maize, millet, and sorghum) continued and stabilized prices on many markets. However, as seen in the past month, massive stockpiling as a prelude to institutional buying and the lean season continued among actors along value-added chains and resulted in price increases (especially for millet) in certain markets:
For rice: During the month of February 2018, 7 of the 9 countries monitored recorded price stability while slight price increases were observed in 2 countries. The increases occurred in Senegal and Burkina Faso.
For maize: During this month of February 2018, 4 out of 9 countries had a slight price increase in their markets while 5 countries recorded price stability. Price increases were observed in Benin, Ghana, Côte d'Ivoire and Burkina Faso.
For millet: Price stability was observed in 5 countries (Togo, Ghana, Ivory Coast, Guinea, Niger), slight price decreases were observed in 2 countries namely Senegal and Benin and price increases were also registered in Burkina Faso and Mali.
For sorghum: With the exception of some markets in Burkina Faso where a slight increase has been observed, the trend has been towards price stability in the majority of other markets monitored.