Market
situation in a nutshell:
To download the issue 17 of Grains Farmers, the bulletin of information about cereal market in West Africa, click here
During this month of December, the supply of cereals has increased because of the continued arrival of new crops on the markets monitored by the countries of West Africa.
In the face of
good demand and good supply, rice and maize prices were stable in both coastal
and Sahelian countries, and sorghum prices remained virtually stable.
However, for
millet and contrary to what was expected, there was a slight rise in prices on
the markets of the main producing countries namely Niger, Mali and Burkina
Faso. This situation is linked to the expectations of the actors who, following
the rise in prices, the campaign passed more strongly on this crop, tend to
achieve a strong speculative storage this campaign.
Rice: The marketing effects of the new rice crops and the
significant imports related to the holiday season helped to meet the rise in
holiday demand. Thus, the trend has been towards price stability across all
markets monitored.
Maize: The trend has been towards stability in almost all
markets in West African countries monitored. Only Ghana recorded a slight
decrease in prices.
Millet: The trend has been a slight rise in prices on the
markets of the main producing countries such as Mali, Burkina Faso and Niger.
Only Senegal recorded stable millet prices in its markets. Prices, on the other
hand, have remained relatively stable in the coastal countries.
Sorghum: The sorghum markets have experienced various
fortunes. While the trend was for a slight price decrease in the Senegal and
Ghana markets, there was price stability in the markets of Mali, Niger, Benin,
Togo, and Côte d'Ivoire. Only Burkina Faso recorded a slight rise in prices in
certain markets