Thursday, June 29, 2017 4:42 PM / FDC
Brent crude price has crept back up to $47pb after declining by 20% recently. The recovery was due to a cyber-attack which occurred earlier in the week. This was then followed by the decline in U.S. domestic production which sustained the bullish trend.
Domestic commodities remained relatively flat during the break with the exception of tomatoes and rice. Maize prices remain susceptible to the armyworm invasion across the south west and northern region.
The attached report summarizes the commodity price movements for this week.
1. Commodity Prices Maintain Upward Trajectory as Forcados Terminal is Set to Resume Operations
2. Some Prices Are Increasing When Headline Inflation is Declining
3. Domestic Commodity Prices Remain Sticky Downwards as Crop Diseases Keep Prices Elevated
4. Price of a Bag of Rice Declined by 14%
5. Commodity Prices Maintained Upward Trajectory