GRAIN FARMERS N° 24 : July 2018

Market situation in a nutshell:

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During the month of July 2018, although cereal stocks continued to fall (especially for millet and sorghum), trade continued particularly through cross-border flows and imports of rice and maize which have favoured a relative price stability.

By grain sector, the trend is as follows:

For rice: During the month of July, slight price increases were noticeable in the markets of Guinea, Niger, and Burkina-Faso. In contrast to these price increases, we have seen a slight decrease in prices in Senegal. Mali, Benin, Togo, Ghana and Côte d'Ivoire have recorded price stability in their markets.

For maize: With the exception of Burkina-Faso and Guinea, where slight price increases following the decline in stocks were recorded, the price trend was stable on the other markets monitored, namely Benin , Togo, Ivory Coast, Niger, Mali and Senegal

For millet: During the month of July 2018, with the exception of Niger, where there has been a slight rise in prices, the trend has been towards price stability in the 8 other markets monitored in West Africa namely (Benin, Togo, Ghana, Ivory Coast, Guinea, Burkina-Faso, Mali, and Senegal).

For sorghum: In all markets monitored in West Africa, the trend has been towards price stability