GRAIN FARMERS ISSUE N°6-JANUARY 2017

The market in brief:

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• During January, harvesting has come to an end and marketing of maize, rice, millet and sorghum has intensified in West Africa. The expected price reductions have been confirmed in some places.However, a massive and early storage has leaded to a relative stability of prices and even provoked slight localized increases;

• Rice continued to record an increase in supplies in most countries of West Africa. Within the region, Mali tends to impose itself as the success story with a net surplus this year. International prices appear to have risen slightly since the end of January and the trend is expected to continue in 2017.

•  For maize, contrary to what has been expected, in many countries there is an early and massive storage on the part of the stakeholders of the sector, which tends to lead to an increase in the demand for maize and consequently a slight increase in the price of this product in several markets.

• New millet was found on most markets in West African countries, but in varying amounts from one country to another. While Senegal and Niger have relatively high and rising prices compared to last month, Mali and Burkina Faso have prices that are significantly lower and stable compared to last month 

• The arrival of new sorghum is intensifying in the markets, expectations of very good production are confirmed and prices tend to fall in the main producing countries of the sub region. There is an improvement in supply in countries such as Guinea, Mali and Senegal, while supply remains relatively low in Niger.