Market situation in a nutshell:
To download the issue
38 of Grains Farmers, the bulletin of information about cereal market in West
Africa, Click here
During the month
of September 2019, overall local grain stocks were down. However, these
declines were offset by new early harvests marketed (albeit timid) but also by
import flows.
Also, in
contrast to the expected price increases in the millet and sorghum markets in
particular, the trend has been towards stability. This stability was favoured
by the substitution made by the actors in favour of other more accessible
cereals. Also remember that we are gradually emerging from the lean period but
with prices that have stagnated in stability and have not experienced real
increases. By grain sector the trend is as follows:
For rice: The good supply of markets has favoured the
continuation of price stability on the markets of Senegal, Mali, Burkina Faso,
Ghana, Togo and Benin. Early harvests have even begun to cause prices to fall
in Côte d'Ivoire.
For Maize: The good offers recorded on the markets have favoured
price stability in the markets of Senegal, Mali, Ghana, and Togo. The trend has
been rather downward in the markets of Côte d'Ivoire, Burkina, Benin and
Nigeria
For the millet: The trend has been towards price stability in all
markets monitored by the main producing countries despite the limited level of
supply.
For Sorghum: Prices were stable during this month in all markets
monitored in Senegal, Mali, Burkina Faso, Ghana, Togo, Benin, Ivory Coast
