GRAIN FARMERS N°23 : June 2018

Market situation in a nutshell:

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During the month of June 2018, the good availability of rice and maize stabilized prices on many markets, despite the fact that demand is constantly increasing.

On the other hand, in the millet and sorghum markets, the demands of the period of the Muslim fast that has just ended have led to a decline in stocks. To this must be added the stockholding operated by the cereal players, which contributes to the scarcity of supply in certain markets.

In the coming weeks, prices could rise in the sorghum and millet markets of the main producing countries.

By sector, the situation is as follows:

For rice: With the exception of Guinea and Ghana, where slight price increases have been observed, there has been a steady trend in the markets of the other 7 countries monitored, namely Benin, Togo, Côte d'Ivoire and Côte d'Ivoire. Ivory, Niger, Burkina-Faso, Mali, and Senegal.

For maize: While a slight price increase was observed in Ghana, Côte d'Ivoire, and Burkina-Faso, stability was expected in Togo, Guinea, Niger, Senegal and Mali. It should be noted that Benin recorded a slight decrease in price.

For millet: With the exception of Burkina-Faso, where there was a slight increase in price, the overall trend was for price stability across the other 8 markets monitored.

For sorghum: The price trend has been stable on almost all monitored markets (Benin, Togo, Ghana, Ivory Coast, Guinea, Niger, Mali and Senegal) except Burkina Faso where a slight increase in price was noted.