Sugar Prices Up By 3.75%; Driven By A Decline In Kenya’s Sugar Production


Wednesday, April 24, 2019 9:10AM /by FDC Ltd


Nigeria is the largest producer of kolanuts in the world, with a total output of 140,842 tonnes, valued at $141mn. It is mainly produced in the South West states and is the subject of cattle for kolanuts exchange in the popular Sabo market of Sagamu. It is well known for its ceremonial consumption in the Southern and Eastern parts of Nigeria.

There has been increased price volatility of kolanuts due to logistics and transport constraints, especially the price of diesel. The domestic and industrial demand of kolanuts and the nocturnal student use have combined to increase the aggregate demand for kolanuts. Thus, making it a major domestic commodity. However, the side effects of this commodity, which include insomnia and its caffeine effect are drawing criticism by the anti-narcotic movements.

The attached slides address these and other issues in the domestic and global commodity markets.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News

1.       Expectations of Bumper Harvest In Ivory Coast To Push Cocoa Prices Downward In The Near Term

2.      Rising Global Stocks To Pressurize Grains Prices In The Near Term

3.      Sugar Prices Fell By 0.24% on Expectation Of Lower Harvest In The EU

4.      Wheat Prices Up By 1.29%; Driven By Lower Production In the US

5.      Cocoa Prices Up By 0.48% Despite Forecasts of Increased Global Production

6.      Expectations of a Bumper Harvest from Ivory Coast Likely to Depress Cocoa Prices

7.      Diversion of Brazilian Cane Mills to Ethanol Production to Boost Sugar Prices

8.     AFEX Shares Insights on How Women in Agriculture Balance for Better Even On the Farm

9.      Nigeria Produces 0.11% of Global Steel; Imports 5m Tonnes Annually

10.  Sugar Production in Nigeria: A Revenue Opportunity Despite A Growing Health Consciousness

Proshare Nigeria Pvt. Ltd.

Related News