Market situation in
a nutshell:
To download the issue 45 of Grains Farmers, the bulletin of information about cereal market in West Africa, click here
During the month of April 2020, measures taken by
governments (closing of borders, sanitary conditions, closing of markets,
social distancing, quarantine and others) to contain the covid-19 pandemic
continued. However, the markets were better supplied and consequently stability
was required in many markets, even though the rises continued in places.
During the month, there was also an increase in demand,
especially for millet and sorghum linked to the start of the Muslim fast, where
these two speculations are widely used.
By sector and by speculation, the trend is as follows:
For rice: Apart
from Mali where slight price increases have been observed, the trend has been
for price stability on the markets of the other countries monitored (Senegal,
Guinea, Ivory Coast, Burkina, Ghana, Togo , Benin, Niger)
For maize: Price
stability was noted on the markets of Senegal, Guinea, Mali, Ivory Coast and
Ghana, while the trend was upward on the markets of Burkina, Togo, from Benin
and Niger
For millet: The
trend has been increasing on the markets of the main producing countries
(Senegal, Mali, Burkina and Niger). On the other hand, these stabilities have
been observed in Guinea, Côte d'Ivoire, Ghana, Togo, and Benin.
For sorghum: With the
exception of Burkina Faso and Niger, where price increases were noticeable, the
trend was to stabilize in all the other markets monitored.