Market situation in a nutshell:
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Commercial grain transactions during the month of May 2018 were dynamic and intense with the start of the Muslim Ramadan festive season, which has led to an increase in demand.
Overall, the good productions recorded for rice and maize have helped to properly feed the markets and maintain stable prices in most markets.
For millet and sorghum, there has also been a trend towards price stability, and seasonal increases are not yet widespread in all the markets of the main producing countries. However, the decline in the level of inventories, which even tends to deplete some areas, could make this rise noticeable in the coming months. The trends observed by country and by grain speculation are as follows:
For rice: During the month of May 2018, with the exception of Guinea where there was a slight increase in price, the trend in all markets of the 8 other countries monitored was stable.
For Maize: During the month of May 2018, despite the stability that has been recorded in Togo, Ghana, Ivory Coast, Senegal and Mali, it is rather slight price increases that have been recorded in Guinea, Niger and Burkina Faso. Only Benin recorded a slight decrease in price.
For millet: With the exception of the markets in Guinea and Niger where there was a slight rise in price, the trend during the month was towards price stability in the markets of the other 7 countries.
For sorghum: the price trend has been to price stability in almost all monitored markets with the exception of the Burkina Faso and Niger markets where there has been slight price increases.