GRAINS FARMERS N° 9 : APRIL 2017

Market situation in a nutshell:

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Commercial activities during the month of April remained intensive. Thus, as in the past month, the markets have continued and even intensified. Overall, cereal stocks are falling everywhere but not yet enough to really trigger the seasonal price increase. The overall trend observed during the month of April is as follows :

• For rice, the increasing availability of rice has favoured general price stability with small upward increases with variability.

• For Maize, during this month of April, slight price increases were recorded in certain markets: Benin, Côte d'Ivoire, Burkina Faso, Niger while the trend is stable in other markets monitored (Togo, Ghana, Guinea, Mali, Senegal);

• For Millet, the findings of low production observed during the current crop year continue to have an effect on prices in the main producing countries. Thus, in countries such as Niger, Burkina Faso and Benin, the price increases that started last month have continued, they also have started in Mali. On the other hand, prices remained rather stable in the other countries (Togo, Ghana, Côte d'Ivoire, Guinea, and Senegal.

• For Sorghum, price stability was noted in almost all the markets followed in West Africa except Benin and Burkina Faso