Increased Global Output Of Grains Are Expected To Keep Prices Depressed

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Wednesday, June 3, 2020 / 11:58 AM / FDC / Header Image Credit: FDC

 

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Oil prices spiked by 1.1% to above $38pb as expectations for a more disciplined enforcement by OPEC buoyed market sentiment. Nigeria will benefit from the price increase but its revenue will suffer the impact of a production cut. The FGN benchmark price gives enough room for revenue swings.

 

A further relaxation of the lockdown, at a time of rising infection rates, is raising concerns about the testing, tracing and isolation of likely carriers. The level of infections in the next 4 weeks will determine what happens next.

 

In the slides below, the FDC Think Tank discussed these and other burning issues on Channels TV Business Morning programme. 


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


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