Market situation in a nutshell:
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During the month
of September 2020, overall, stocks were down on the monitored cereal markets.
However, these declines were offset by early market releases of new crops and
import flows.
The end of the
month was also marked by floods in some production areas in Benin, Ghana, and
Niger, which resulted in road and field destruction. This situation could
slightly lower the expected harvests.
Little by little,
we are coming out of the lean season when, for a third consecutive season, the
expected price increases were rather mixed on the cereal markets. Only sorghum
and maize experienced some late increases towards the end of the lean season.
Overall, prices have been stable, contrary to our expectations for rice and
millet.
For rice: With the exception of Niger where slight price increases were noted,
the trend was towards stability in all of the 7 other markets monitored
For maize: Apart from Burkina Faso and Niger where slight price increases were
observed, the trend has been towards stability in all the other markets.
For millet: While Senegal, Guinea, Ivory Coast, Ghana, Togo, Benin recorded price
stability in their markets, the trend was upward in the markets of Niger and
Burkina
For sorghum: Apart from Burkina Faso and Niger where slight increases were noted, the trend was towards stability in all the other markets monitored
