Market situation in a nutshell:
To download the issue 25 of Grains Farmers, the bulletin of information about cereal market in West Africa, Click here
During
the month of August 2018, the lean season which has settled everywhere in the
countries of West Africa unfolds without much difficulty.
In
addition, the climatic conditions made it possible to ensure a good vegetative
development of the cereal crops. In the vast majority of countries, crop
prospects are very good even if insect attacks (locusts and caterpillars) are
reported in some countries like Niger and Benin.
For Rice: In Côte d'Ivoire and Niger, slight
price increases have been observed for local rice, which is scarce but prices
of imported rice are stable. In other countries, local rice and imported rice
have stable prices
For maize: Mali, Burkina Faso, Ghana and Togo
have observed price stability in their markets. There has been a slight upward
trend in Senegal where peasant stocks are being depleted and in Côte d'Ivoire
where it seems that the small countryside has not been sufficient to meet the
demand of national farmers. Only Benin, where the small country seems to have
given very well, recorded a sharp drop in prices on its markets. This decline
has influenced prices in Niger where the price of corn is stable or slightly
down in cities.
For millet: The price trend has been stable in
almost all the countries surveyed with the exception of Senegal where a slight
increase has been recorded but prices are still lower than in other Sahelian
countries. In Niger, prices fell slightly due to sales at social prices and
destocking as harvests approach early in September
For Sorghum: In Burkina-Faso, prices are
slightly higher because of the drop in stocks and the sustained demand during
Tabaski, in Mali, however, prices are slightly down in Sikasso due to accelerating
of destocking. In the rest of the sub region prices are relatively stable