Market situation in a nutshell:
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During the month of January 2019, globally the markets continued to be supplied with new cereals (maize, rice, millet, sorghum), all that coupled with the destocking of old stocks operated by the cereal actors favoured the price stability and even lower prices in the vast majority of markets in West African countries monitored. However, we must mention that, the start of institutional purchases in Burkina-Faso, caused a slight rise in prices during this month on the markets of this country despite the good availability. Consolidated state purchases are also in sight in other countries, such as Niger, and could in the coming months help to stabilize or even raise price levels. Overall, the situation by grain sector and by country is as follows:
For rice: The trend has been towards price stability in markets in the vast majority of West African countries monitored (Guinea, Mali, Côte d'Ivoire, Ghana, Togo, Benin). Two countries (Senegal and Niger) recorded slight price declines in their markets. Only Burkina Faso recorded a slight rise in prices on its markets.
For maize: Senegal, Mali, Côte d'Ivoire, Ghana, Togo and Benin recorded stable prices compared to last month, while Guinea and Niger saw price decreases. Slight price increases were noted only in the Burkina Faso markets.
For millet: The trend has been towards price stability on almost all the markets monitored (Senegal, Guinea, Mali, Ivory Coast, Ghana, Togo, Benin). Niger was the only country where market prices were down while Burkina Faso was also the only country where there was an increase.
For sorghum: Price decreases have been noted in the markets followed by Senegal and Niger. On the other hand, the trend was towards price stability in Mali, Côte d'Ivoire, Ghana, Togo and Benin. Only Burkina has recorded a price increase on its markets.