India’s Diversion Of Sugar for Ethanol Production Is Expected To Drive Up Prices


Friday, January 25, 2018 11:23AM / FDC

Oil prices have recovered strongly since December 2018, with Brent now hovering above $61pb. This is likely to boost fiscal and export revenues in Q1’19.

An increase in oil revenues could be partly responsible for the spike in the consumer confidence (a measure of consumer optimism) to 64.3 points after a mixed movement in 2018.

Nigerian consumers may be becoming more optimistic in anticipation of the new minimum wage.

The slides below contain a snapshot of the global and domestic developments in the commodities market this week.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News

1.       Weak Global Chocolate Demand To Depress Cocoa Prices

2.      Arid Weather Conditions in Ivory Coast Could Result in Increased Cocoa Prices

3.      Sesame Seeds Now Becoming A Globally Consumed Commodity

4.      Unfavourable Weather Conditions In Brazil Could Prop Up Sugar Prices In The Near Term

5.      Wheat Prices Down By -0.19% Despite Concerns Of High Global Demand

6.      Nigeria Seed Producers – Market Map Of Industry Leaders

7.      Robust Main Crop Harvest From West Africa Should Keep Cocoa Prices Down

8.     Wheat Prices Down By 0.12% To $5.24 Per Bushel

9.      Increased Global Wheat Supply in 2018-2019 Season Would Push Prices Down

10.  Nigeria’s Water Melon Output Is Only 0.09% of Global Production

11.   Is Nigeria Better Off Selling Palm Oil Than Crude Oil In The Long Run? – Making The Case

 Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News