| Commodities |    3721 VIEWS  |
| Commodities | |
| 3721 VIEWS | |
 |
Thursday, December 21, 2017 /6:40PM / FDC
In
spite of the bountiful food harvest, food inflation remains stubbornly high at
20.30%. This is partly as a result of food export smuggling by exchange rate
sensitive farmers. The good news is that the price of a 50kg bag of rice has
declined 30% to N15,500 since the start of the year.
Consumers
are bracing themselves for a challenging Christmas as the petrol scarcity has
gone from difficult to acute despite the FG’s assurances.
The
slides below sum up the events that took place in the domestic and global
commodity markets this week
Related
News
2. Growing Global Supplies to Keep Prices of Grains Down
3. Oil Prices Slipped 0.26% in Sympathy with A 5% Slump in
Copper Prices
4. Naira Strengthened In October to N363 - $ as Food Inflation
Jumped to 15.34%
5. Nigeria Produced a Meager 348,000 Tonnes of Cotton in
2016
6. Most Food Prices In Nigeria Have Shrugged off The
Currency Gains and Remained Relatively Static
7. Commodity with a 150-Day Lag Could Be a Game Changer for
Economic Diversification
8.Diesel Prices Increased by 20.4% Despite the Improvement
in on-grid Power Generation
9. Domestic Commodity Prices Responding to the Increased
Harvest Output
10. Harvest Season Has Begun; Expected to Increase Supply and
Moderate Prices
11. Price of Cement is up 8% to N2,700 while Brent Slipped to
$56.34pb
12. Domestic Price of Palm Oil Has Declined by 25% in 12
Months
13. FG to Bring Down the Price of a 50kg Bag of Rice to
N9,000 Within a Month
14. Price of Cement Dropped by 3.8% to N2,500 per Bag
15. Oil Prices Climbed Sharply to a 2-year High of $59pb
16. Cashew Nut Exports Increased Significantly by 463% to
$37m in Q2’17
17. Volatile Oil Prices in August
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