GRAIN FARMERS N° 42 : January 2020

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