GRAIN FARMERS N° 33 : APRIL 2019

Market situation in a nutshell:

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During the month of April 2019, the markets continued as last month to be well supplied with cereals. Overall, trade remained dynamic but stocks began to decline. In the face of good and consistent demand, a slight rise in average prices is observed in the maize and millet markets. With the onset of the Muslim fast, when demands could increase further, prices could rise and spread to other sectors, particularly sorghum. However, world cereal prices are low and local stocks are sufficient for price increases to remain moderate.

By grain sector, the trend is as follows:

Rice: 7 of the 9 countries monitored recorded price stability in their markets. These are Guinea, Mali, Côte d'Ivoire, Burkina-Faso, Ghana, Togo and Benin. Only Niger and Senegal recorded slight price increases in their markets.

Maize: During the month of April 2019, 3 countries namely Senegal, Benin and Niger observed price increases in their markets while the trend was towards price stability in the markets of Guinea, Mali, Côte d'Ivoire, Burkina-Faso, Ghana, Togo.

Millet: While Guinea, Mali, Côte d'Ivoire, Burkina-Faso, Ghana, Togo and Burkina-Faso registered price stability in their markets, the trend was rather upward on the markets Senegal and Niger.

Sorghum: The trend during the month was towards stability in almost all markets in West African countries, with the exception of Niger, where price increases were visible.