Market situation in a nutshell:
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During the
month of March 2020 when we expected to market sufficient cereal products, a
specific event, the epidemic of the coronavirus "covid-19" which
appeared in the past month has amplified and has had implications for the
functioning of markets. Across West Africa, this pandemic has prompted many
states to enact measures such as containment, sanitary cordon, foreclosure of
cities and markets. The corollary was the increase in demand when the markets
were poorly supplied. To this must be added the storage operated by certain
cereal players. As a result, in many markets prices have been on the rise,
although stability has also been observed. The trends by country and by sector
are as follows:
For rice: Price
increases have been observed in the markets of Côte d'Ivoire, Ghana, Niger and
Nigeria. At the same time, the trend was more stable on the markets of Senegal,
Guinea, Mali, Burkina-Faso, Togo and Benin,
For Maize: During the
month of March 2020, 6 countries recorded price increases in their markets.
These are Guinea, Mali, Côte d'Ivoire, Burkina Faso, Ghana, and Togo. Only 4
countries, namely Senegal, Benin, Niger and Nigeria observed stability in their
markets,
For millet: The trend has been towards upward
prices in most markets of the main producing countries. These are Senegal,
Mali, Burkina, Niger and Ghana. Stability has been observed in all other
markets (Guinea, Ivory Coast, Togo, Benin, and Nigeria)
For sorghum: Price
increases were noticeable on the markets of Mali, Burkina, Niger. On the other
hand, price stability has been observed in Senegal, Côte d'Ivoire, Ghana, Togo,
Benin and Nigeria