Market situation in a nutshell:
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During
the month of January 2020, the crops of the agricultural campaign have almost
come to an end. However, the storage operated by the actors caused a relative
stability in the prices of agricultural products (rice, maize, millet, sorghum)
monitored. This state of affairs coupled with the pressure of demand and the
start of institutional purchases had the corollary of an unexpected rise in
prices in countries like Niger and Burkina-Faso. The situation by country and
by sector is as follows:
For Rice: The
overall trend has been towards price stability in the majority of the markets
monitored. These are Senegal, Guinea, Côte d'Ivoire, Burkina Faso, Ghana, Niger
and Benin. Only Niger recorded a slight increase in prices on its markets due
to the pressure of demand against supply.
For maize: Price stability
has been observed on the markets of Senegal, Guinea, Ivory Coast, Ghana, Togo,
and Niger while the trend has been towards slight price decreases over the
markets of Burkina Faso and Benin.
For millet: 6 countries,
namely Senegal, Guinea, Côte d'Ivoire, Ghana, Togo, and Benin recorded price
stability on their markets. At the same time, slight price increases following
good demand when supply was average were observed on the markets of
Burkina-Faso and Niger.
For sorghum: Prices have
evolved in stability on the markets of Senegal, Côte d'Ivoire, Ghana, Togo and
Benin. However, the price trend was down on the Niger markets and up on the
Burkina-Faso markets