Market situation in a nutshell:
To download the issue
43 of Grains Farmers, the bulletin of information about cereal market in
West Africa,Click here
During the month of February 2020, the marketing of
new cereal crops continued and made it possible to stabilize or even lower
prices in certain markets. At the same time, price increases following
speculative storage operated by the players as a prelude to state purchases and
the lean period were even noted on several maize markets in African countries.
In the rice and maize markets where imports are noted, the coronavirus epidemic
has also contributed to disrupt the functioning of these markets.
By country and by sector, the trend recorded during
the month can be summarized as follows:
For
rice: Price
stability has been observed in all the markets monitored in Senegal, Guinea,
Mali, Côte d'Ivoire, Burkina, Ghana, Togo, Benin and Niger, but prices markets
are on the rise and could impact the local market in March.
For
Maize: price
increases have been noted on the markets of 4 countries, namely Senegal,
Guinea, Burkina Faso, Niger. On the other markets, prices are stable.
For
Millet: Apart
from Guinea where slight price decreases were noticeable and from Niger where
the trend was upward, the trend was towards stability in all the other markets.
Sorghum: the trend has been
for price stability in almost all of the markets monitored with the exception
of Niger.
