Market situation in a nutshell:
To download the issue 49 of Grains Farmers, the bulletin of information about cereal market in West Africa, Click here
During the month of August 2020, good production prospects were confirmed in a number of West African countries monitored.
Overall, prices have remained stable in the maize, rice and millet markets. On the other hand, the depletion of supply in the face of continuing demand caused slight price increases in sorghum markets.
By country and by speculation, the trend is as follows:
For rice: With the exception of Niger where slight price increases were observed, the trend has been towards stability in all the markets of the other countries monitored (Senegal, Guinea, Côte d'Ivoire, Burkina, Ghana , Togo, Benin)
For maize: While prices declined following the marketing of new crops were observed in Ghana, the trend was rather upward in the markets of Guinea, Burkina, and Niger. At the same time, the price tendency was more towards stability in the markets of Senegal, Ivory Coast, Togo and Benin
For millet: While the trend was towards price stability in the markets of Senegal, Côte d'Ivoire, Ghana, Togo and Benin, it was rather increases that were noted in Guinea, Burkina and Niger
For sorghum: the trend has been towards price stability on the markets of Senegal, Ivory Coast, Ghana, Togo, Benin, while increases have been noted in Burkina Faso and Niger