Expectations of Bumper Harvest in Top Cocoa Exporting Countries to Weigh on Prices in the Near Term


Friday, March 08, 2019  08:30 AM / FDC

Nigeria’s textile industry is highly import-dependent, with a smuggled import bill of approximately $2-3bn. As part of the FGN’s import substitution and diversification strategy, the CBN has included textiles and garments in its forex restriction and prohibition list.  

It is not clear, whether this protectionist move is to attract new investments into the dormant textile milling industry or to help preserve Nigeria’s external reserves which have wilted in recent times to $42.3bn.

The slides below summarize the events that took place in the domestic and global commodity markets this week.

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3.      Wheat Prices Down Due To Robust Supplies From Ukraine And South America

4.      Wheat Prices Down Due To Lower Global Demand

5.      Unfavourable Weather Conditions In Brazil Expected To Drive Sugar Prices Up In The Near Term

6.      Commodities Market Outlook - Commodity Traders Expect The Bullish Trend In Grains Market To Continue

7.      Higher Demand For US Wheat Output Is Expected To Push Up Prices

8.     Increased Corn Supply From Leading Producers Would Depress Prices

9.      FGN Announced Plan to Prohibit the Importation of Tomato Paste into Nigeria

10.  IOSCO Practices Aim To Create Robust Framework For Commodities’ Storage And Delivery

11.   How AFEX is boosting Financial Inclusion

12.  Wheat Prices Down By 0.15% Amid Signs of Weak Demand for US Wheat

13.  Strong West African Supply of Cocoa to Depress Prices

14.  AFEX Nigeria: New Year Goals For The Commodities Market

15.   A Definitional Guide to Understanding Commodities Exchanges

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

17.   Weak Global Chocolate Demand To Depress Cocoa Prices

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

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News