GRAIN FARMERS N° 38 : September 2019

Market situation in a nutshell:

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During the month of September 2019, overall local grain stocks were down. However, these declines were offset by new early harvests marketed (albeit timid) but also by import flows.

Also, in contrast to the expected price increases in the millet and sorghum markets in particular, the trend has been towards stability. This stability was favoured by the substitution made by the actors in favour of other more accessible cereals. Also remember that we are gradually emerging from the lean period but with prices that have stagnated in stability and have not experienced real increases. By grain sector the trend is as follows:

For rice: The good supply of markets has favoured the continuation of price stability on the markets of Senegal, Mali, Burkina Faso, Ghana, Togo and Benin. Early harvests have even begun to cause prices to fall in Côte d'Ivoire.

For Maize: The good offers recorded on the markets have favoured price stability in the markets of Senegal, Mali, Ghana, and Togo. The trend has been rather downward in the markets of Côte d'Ivoire, Burkina, Benin and Nigeria

For the millet: The trend has been towards price stability in all markets monitored by the main producing countries despite the limited level of supply.

For Sorghum: Prices were stable during this month in all markets monitored in Senegal, Mali, Burkina Faso, Ghana, Togo, Benin, Ivory Coast