Sugar Prices Lose 1.03% in Value to $0.1254 per Pound


Wednesday, June 20, 2018 8:55AM /FDC

The FGN plans to shut its land borders with neighboring countries to stop rice smuggling into Nigeria. The country had boasted of self-sufficiency in rice by November this year.

The growing market for smuggled rice in Nigeria suggests that there is an aggregate demand gap and that the price of rice is likely to surge again in the near future.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News 

1.       Sesame Seeds - A Diamond In The Rough

2.      Cocoa Prices Fall 0.78% as Prices Are Expected to Trade Lower Due To Adequate Supply

3.      Nigeria Produces About 600,000tonnes of Soybean, Ranked 2nd in SSA

4.      Nigeria Produces 837,000 Tonnes of Papaya, 6.34% of Global Output

5.      Cocoa Price Gains 7% in April 2018 as Ivory Coast Is Seeking to Reduce Output

6.      Cocoa Rallies to 18-month High Amid Concerns of Tightening Global Supply

7.      Consumer Confidence Index Fell Sharply by 23 Points to -6.4 Points in Q1 2018

8.     Shrimps And Prawns Are Nigeria’s Third Largest Agricultural Export

9.      Corn Futures Traded Flat at $3.98 per Bushel

10.  Improved Wheat Production: An Aid to Nigeria’s Diversification Strategy

11.   Nigeria Produces 461,000mt of Sesame Seeds a Year

12.  Nigeria is World Second Largest Producer of Cashew Nuts

13.  Urban Retail Price Tracker - Strong Demand Push Commodity Prices Up

14.  Commodities Markets Diverged From Stock Markets and Inched Upwards

15.   Domestic Commodity Prices Such as Rice (10%) Have Increased In The Days Leading Up To Easter

16.  Nigeria is the Largest Producer of Yam in the World, With an Annual Production of 44.1 MT

17.   Cocoa Prices Down Slightly by 0.04% to $2,557 per MT

18.  Nigeria Produces 250,000 Tonnes Of Coconut Annually and is Ranked 18th in the World

19.  Nigeria Aggregate Demand for Rice In Excess Of 6mn Tonnes

20. Nigeria Produces 3.93MT of Sweet Potato; The Largest Producer in SSA

Related News