Market situation in
a nutshell:
To download the issue 26 of Grains Farmers, the bulletin of information about cereal market in West Africa, Click here
During
the month of September 2018, overall available stocks of cereals have seen
decreases especially for millet and sorghum. However, prices remained stable in
the majority of the markets monitored thanks to the (still tentative)
appearance of new crops in some markets and thanks to the large imports that
helped improve supply. Thus, we should take notice that, we are gradually heading
towards the end of the lean season in the West African countries monitored and
prices have not gone up excessively high.
For rice: With the exception of Côte d'Ivoire
where there has been a slight decline in prices following the marketing of new
rice, and Niger where slight price increases related to the depletion of stocks
in the face of non-weak demand, the trend has been towards stability in all 7
other markets monitored (Senegal, Guinea, Mali, Burkina Faso, Ghana, Togo and
Benin)
For maize: 3 countries (Senegal, Guinea, Mali)
experienced slight price increases following the depletion of stocks and poor
market supply, while 2 countries (Côte d'Ivoire and Niger) experienced slight
declines following the introduction of new maize. Stability has been more
prevalent in 4 countries namely Burkina Faso, Ghana, Togo and Benin.
For millet: The trend has been towards price
stability in the majority of the markets monitored (Senegal, Mali, Ivory Coast,
Ghana, Togo, Benin), it has been declining in 2 countries (Burkina Faso and
Niger). Only Guinea has seen a slight price increase in its markets.
For Sorghum: Price fluctuations have been very
variable depending on the country. While the situation was stable in the
markets of Senegal, Côte d'Ivoire, Ghana, Togo, Benin, and Mali, Burkina Faso
recorded a slight increase in price while Niger observed a slight decrease in
price.