Market situation in a nutshell:
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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.