Increased Global Cocoa Demand Would Push Prices Up And Boost Nigeria’s Export Earnings

Thursday, November 29, 2018 06:55 PM / FDC

The naira is coming under increased pressure in the forex market, falling by 1.08% to N370/$ at the parallel market. Its cumulative depreciation in November is 2.2%. This is greater than its fall in the last 12 months.

Surprisingly, December is a month in which the naira usually strengthens due to remittances of visiting friends and relatives. The difference this time is that political uncertainty is taking its toll compounded by the sharp drop (30%) in Brent oil from October.

The slides below address these and other issues in the domestic and global commodities market.    

Related News

1.       How Blockchain Will Transform Agric in Nigeria-Quan Le, CEO Binkabi

2.      Nigeria Is The Second Largest Producer of Tubers In The World

3.      Sugar Prices Down 2.66% After The USDA Projected A Sharp Increase In India’s Sugar Output

4.      NSE Partners Corporate Farmers to Host Maiden Financing Agric Commodity Value Chain Seminar

5.      Coffee Consumption in Nigeria Rose By More Than 20% Between 2010 and 2015

6.      Projected Increase in Russia’s Wheat Exports Could Push Prices Further Down

7.      AFEX,Binkabi and STERLNBANK Announce Integration Partnership Streamlining the Agri-Financing Process

8.     Global Grapefruit Output in 2017 was Approximately 6m Tonnes