GRAIN FARMERS N° 28 : November 2018

Market situation in a nutshell:

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During the month of November 2018, thanks to generally favourable weather conditions, West African countries continued to record new cereal harvests.

The markets are always very well stocked, and this has caused stability in some markets. Slight price reductions could be recorded in the coming weeks with the intensification of marketing coupled with the destocking of old stocks still available.

By sector, the situation is as follows:

For rice: price declines have been observed on the markets of Burkina-Faso, Guinea, Mali, Benin, and Niger. In other countries, prices have remained relatively stable.

For Maize: 5 out of 9 countries had price decreases. These are Senegal, Mali, Côte d'Ivoire, Burkina-Faso, and Niger. On the other hand, the trend has been towards stability in the markets of 4 countries namely Guinea, Ghana, Togo and Benin.

For millet: The price trend has been towards stability in the markets of 6 countries: Guinea, Mali, Ivory Coast, Ghana, Togo and Niger. Lower prices have been observed in the markets of Senegal, Burkina Faso and Benin.

For sorghum: five countries observed price stability (Senegal, Ivory Coast, Ghana, Togo, Niger) while the price decrease was noted on the markets of Mali in Burkina-Faso and Benin.