Market situation in a nutshell:
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During the month of November 2019,
we must retain overall the continuation of the marketing of new cereal crops
(maize, rice, millet, sorghum) which had as corollary stability see the slight
fall in prices on the markets West African countries.
Over the next few weeks, we should
see an intensification of the marketing of new crops, which should lead to an
increase in the price reductions observed.
By cereal sector, the trend is as
follows:
For rice: 6
countries, namely Senegal, Ivory Coast, Burkina-Faso, Ghana, Togo and Benin
recorded price stability on their markets while the price trend was down the
markets of Guinea and Burkina-Faso
For maize: The trend
has been towards price stability in the markets of Senegal, Mali, Côte
d'Ivoire, Ghana, Togo, Benin, Niger, Guinea and Nigeria. On the other hand, it
is price reductions, which have been observed on the Burkina-Faso market.
For millet: With the
exception of Burkina Faso and Niger, which observed price decreases in their
markets, Senegal, Guinea, Mali, Côte d'Ivoire, Ghana and Togo recorded price
stability.
For sorghum: the majority
of the markets monitored, namely Senegal, Mali, Côte d'Ivoire, Ghana, Togo and
Benin, have shown price stability. Declines were noted only in the Burkina-Faso
and Niger markets