GRAIN FARMERS N° 39 : October 2019

 Market situation in a nutshell:

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During the month of October 2019, new cereal crops (rice, maize, millet, sorghum) began to appear on the cereal markets. This offer, coupled with the latest destocking made by grain operators and imports, has led to an increase in the supply of cereals in West Africa. As a result, prices began to fall in season, signalling the end of the lean season and, at the same time, the gradual start of the new cereals marketing season.

By grain sector, the situation is as follows:

For rice: Good supplies helped lower prices in the Burkina Faso and Nigeria markets. The price trend has been more in line with stability in the markets of the majority of other countries monitored, namely Senegal, Guinea, Mali, Côte d'Ivoire, Ghana, Togo and Benin.

For maize: With the exception of Côte d'Ivoire, where the presence of new crops has favoured lower prices, the trend has been towards stability in the markets of other countries followed, namely Senegal, Guinea , Mali, Burkina-Faso, Ghana, Togo and Benin.

For the millet : The weakness of the supply on the one hand and the variation of the exchange rate on the other hand were at the base of the price increase observed in Guinea and Burkina-Faso. The trend has been towards price stability in the markets of Senegal, Mali, Côte d'Ivoire, Ghana, Togo and Benin

For Sorghum: The trend has been towards price stability in all markets monitored