GRAIN FARMERS N° 36 : July 2019

Market situation in a nutshell:

To download the issue 36 of Grains Farmers, the bulletin of information about cereal market in West Africa, Click here

During the month of July 2019, globally there was a decline in stocks on almost all markets monitored for 4 crops (rice, corn, millet, sorghum).

However, this decline in stocks was offset by imports that stabilized prices, particularly in the rice, millet and sorghum markets. On the other hand, following the fall in demand on corn markets, there has been a downward trend in prices in this market.

It should also be noted that competition is fierce between imported maize and local corn. Especially in Senegal, where Malian maize is sold at a lower price than local maize.

By speculation, the trend is as follows:

For rice: Price decreases have been noted in the markets of Senegal, Burkina-Faso and Nigeria (Kano) while the trend has been towards price stability in the markets of Guinea, Mali, Ivory Coast, Togo and Benin)

For maize: Apart from Burkina-Faso and Nigeria, which experienced price declines in their markets, the trend was more towards stability in the markets of other countries monitored (Guinea, Mali, Côte d'Ivoire, Ghana , Togo and Benin)

For millet: Almost all markets monitored showed price stability in their markets (Guinea, Mali, Côte d'Ivoire, Burkina-Faso, Ghana, Togo and Benin with the exception of Senegal, where price increases were have been noted;

For sorghum: All markets monitored during the month of July 2019 showed price stability. This stability has been observed in Senegal, Mali, Côte d'Ivoire, Burkina-Faso, Ghana, Togo and Benin.