Adverse Weather Conditions In The US To Continue To Depress Grain Prices


Thursday, May 09, 2019  / 05:16PM / by FDC


Following an escalation of tensions between the US and China, Brent is currently trading below $70pb ($69.98pb). The YTD gain in oil price is now at 30%.


A fall out from the fresh round of negotiations between the US and China this week could result in a further fall in oil price. With the 2019 oil price budget benchmark in view, a sustained reduction in price would have a negative impact on external reserves accretion and exchange rate stability.


The slides below address these and other issues in the domestic and global commodity markets.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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