Market situation in a nutshell:
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During the first month of 2018, there has been an intensification of harvests, which are gearing towards their end in many countries. Production estimates remained normal and helped to raise the level of supply. However, as noted last month, massive and even massive grain storage limited marketing and the trend was toward price stability rather than expected declines:
For rice: During the month of January, local rice harvests and imports continued. However, as noted during the month of December, marketing did not have the expected downside effects and instead we witnessed price stability across all markets monitored in West Africa.
For maize: five countries recorded price stability in their markets while the trend was a slight price increase in the markets of three countries. Stabilities were observed in Ghana, Togo, Senegal, Niger and Mali while price increases took place in Benin, Côte d'Ivoire and Burkina-Faso.
For millet: Following the price increase observed in December, the month of January saw millet prices stabilize in the markets of the main producing countries and even countries that produce less. Thus, prices have been stable across all markets in all the countries monitored.
For sorghum: As the new sorghum continues its arrival on the markets of West African countries followed, the trend was during this month as for millet, to the stability of the prices is seen in all the countries monitored