Market situation in a nutshell:
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During the month of August, overall as noted in the previous month, markets remained well stocked. Also, the climatic conditions have ensured an acceptable vegetative development of the cereal crops. The price levels applied varied according to the country and can be summarized as follows:
For rice: 7 of the 8 countries have experienced stability in their markets. Stabilities were observed in the markets of Benin, Togo, Ghana, Côte d'Ivoire, Burkina Faso, Mali and Senegal. Only Niger saw a slight increase in rice prices in its markets.
For maize, 6 countries recorded price stability, 1 country recorded a slight decline in prices and 1 country registered a slight increase in price. Price stability was observed in the markets of Benin, Togo, Ghana, Niger, Mali and Senegal. The slight decline in prices was observed in Côte d'Ivoire, where the late crops entered the markets and the slight increase was observed in Burkina Faso, where prices have been so far very low.
For millet: 4 countries (Senegal, Mali, Burkina-Faso, Niger) out of the 8 countries monitored recorded slight increases in their markets. Other countries, namely Benin, Togo, Ghana and Côte d'Ivoire, recorded relative price stability in their markets.
For sorghum: price increases that started last month in Burkina Faso and Niger continued. Thus, only these two countries registered price increases in their markets. On the other hand, the trend was towards price stability in almost all the other 6 markets in Benin, Togo, Ghana, Côte d'Ivoire, Senegal and Mali.