USAID Office of Food for Peace Burkina Faso Bellmon ... - CiteSeerX

Figure 14: Average monthly price of white sorghum (2004 – 2008)
Source: GOBF/MAHRH/DGPER, http://www.sisa.bf/sisa/
Prepared by Fintrac Inc.
Markets for staples, such as maize, sorghum and millet, appear highly integrated across
Burkina Faso. Tables 38, 39 and 40 present the correlation coefficients of maize, millet and
sorghum prices across five selected regional markets. The coefficients are not only strong but
also highly significant. They show that the food prices, in particular maize, track each other
closely across the markets. In terms of magnitudes, Sankaryaré market prices are the least
integrated with the rest of the markets, more so for sorghum. Sankaryaré and Kongoussi
markets, in particular, are the least integrated for the three commodities.
Table 38: Correlation coefficients between average monthly white maize prices in various markets
MAIZE Boussé Fada Gourcy Kongoussi Sankaryaré
Boussé 1.000
Fada 0.913 1.000
Gourcy 0.968 0.895 1.000
Kongoussi 0.945 0.900 0.903 1.000
Sankaryaré 0.955 0.888 0.919 0.884 1.000
Source: Author’s Calculations based on data from GOBF/MAHRH/DGPER, http://www.sisa.bf/sisa/
Table 39: Correlation coefficients between average monthly millet prices in various markets
MILLET Boussé Fada Gourcy Kongoussi Sankaryaré
Boussé 1.000
Fada 0.872 1.000
Gourcy 0.918 0.881 1.000
Kongoussi 0.893 0.760 0.852 1.000
Sankaryaré 0.870 0.857 0.907 0.791 1.000
Source: Author’s Calculations based on data from GOBF/MAHRH/DGPER, http://www.sisa.bf/sisa/
BEST ANALYSIS – BURKINA FASO 71