Bumper Wheat Harvest To Keep Prices Low


Tuesday, July 14, 2020 / 06:07 PM / FDC / Header Image Credit: FDC Ltd


As part of its forex rationing strategy and to encourage domestic production, authorized dealers have been asked to discontinue the processing of applications for the sale of forex for the import of maize.


Economists are of the view that the alignment of the exchange rate to its market value is a more potent and effective tool for changing consumer behaviour than administrative controls.


Maize has been a subject of various measures in the past and is still produced sub-optimally in Nigeria.


In the slides below in the Commodities session on Channels TV, the FDC Think Tank analyst discusses the short and long term impact of these restrictions on markets, inflation and supply. 

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News

1.       ACI Experiences Massive Gains - AFEX Commodities Weekly Report 020720

2.      ACI Experiences Slight Gains - AFEX Commodities Weekly Report 250620

3.      Hemense Orkar , VP, Commercial AFEX Commodities Exchange To Speak Tomorrow on WebTV

4.      Ample US and Australian Supply To Keep Wheat Prices Low

5.      Higher US Grain Output To Keep Prices Low

6.      Heritage Bank-Dukia Gold to Boost Nigeria's 200mn Ounces of Gold Potential Reserves - FG

7.      ACI Experiences an Uptick - AFEX Commodities Weekly Report 040620

8.     Increased Global Output Of Grains Are Expected To Keep Prices Depressed

9.      ACI Witnesses a Downtick - AFEX Commodities Weekly Report 280520

10.  Increase of Market Activities Anticipated in the Coming Week

11.   Coronavirus and Commodity Markets: Lessons from History

12.  Increased Demand From China To Support Grain Prices

13.  ACI Witnesses a Surge - AFEX Commodities Weekly Report 070520

14.  Weak Global Demand Is Expected To Taper Grain Prices

15.   Increase of Market Activities Anticipated in the Coming Week - AFEX Commodities Weekly Report 300420

16.  COVID-19 Induced Lockdown Triggers Sustained Decline in Commodities Market Activities

17.   Supply Cut From Australia To Keep Wheat Prices Up

18.  Lower Demand For Corn-Based Ethanol To Keep Corn Prices Depressed

19.  Ongoing Lockdown Induces Slowdown in Commodities Market - AFEX Commodities Weekly Report 160420

20. Market Experiences Increased Volatility and Decline in Prices - AFEX Monthly Report, March 2020

Proshare Nigeria Pvt. Ltd.

Related News