GRAIN FARMERS N° 48 : July 2020

Market situation in a nutshell:

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During the month of July 2020, the reductions in local stocks were remarkable on the cereal markets but these decreases were offset by imports, especially on the rice and maize markets. Thus, on these monitored cereal markets, prices remained generally stable. In addition, cases of strong competition between imported maize and that produced locally have been reported in Senegal. In the millet markets, despite the drop in stocks, prices have remained broadly stable. On the other hand, in the sorghum markets, during this lean period, the decrease in stocks in response to demand caused slight increases in certain markets in the main producing countries such as Niger and Burkina.

By country and by speculation, the trend is as follows:

For rice: 7 countries namely Senegal, Guinea, Ivory Coast, Burkina, Ghana, Togo and Benin recorded price stability in their markets unlike Niger which observed a slight increase;

For maize: The trend was towards stability in the markets of Senegal, Guinea, Côte d'Ivoire, Ghana, Togo and Benin while the trend was rather upward in the markets of Burkina and Niger

For millet: While Burkina Faso and Niger recorded slight price increases in their markets, the trend was more towards price stability in other markets.

For sorghum: With the exception of Burkina Faso and Niger where slight price increases were noted, the trend has been towards stability in all the other markets monitored