GRAIN FARMERS N° 46 : May 2020

Market situation in a nutshell :

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During the month of May 2020, the measures taken by governments to contain the coronavirus pandemic were relaxed. This situation has favoured better supply to the markets than in the past month. The month also coincided with the period of the Muslim fast when demand for cereal products increased. To this must be added institutional purchases from state agencies, which also contributed to increasing demand. However, thanks to the good supply, prices remained stable, particularly for rice and maize. On the other hand, for millet and sorghum, which were very popular during this period, the drop in supply caused some price increases in this case on the markets of the main producing countries. However, the upward trend has not yet been generalized in all the markets of the main producing countries.

By sector and by country, the trend is as follows:

For rice: The trend has been towards price stability in the markets of the majority of the countries monitored (Senegal, Guinea, Ghana, Togo, Benin, Niger). Only Côte d'Ivoire and Burkina recorded a slight increase in prices;

For Maize: Apart from Senegal, Burkina, Benin and Niger which recorded slight price increases in their markets, the trend has been towards price stability in the markets of all the other countries monitored, namely Guinea, Côte d'Ivoire, Ghana, and Togo;

For millet: While slight price increases were observed on the markets of Burkina and Niger, price stabilities were noted on the markets of Senegal, Guinea, Côte d'Ivoire, Ghana, Togo and Benin

For sorghum: While the trend was stable on the markets of Senegal, Côte d'Ivoire, Ghana, Togo and Benin, these were slight increases that were noted in Burkina and Niger