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

Proshare

Wednesday, March 27, 2019  04:19 PM /by FDC


The Brexit saga will have an impact on the performance of the Nigerian external sector. This is because it is inextricably linked to the value of the pound sterling in the forex market. 35% of Nigerian diaspora flows come from the U.K. Therefore, a 5% drop in the value of the pound sterling will translate into a 7% decline in dollar receipts and a slump in the trade balance.

Brent rose 0.34% to $68.20pb as expectations of lower US crude inventories outweighed concerns of weaker oil demand due to a global economic slowdown. A higher oil price is positive for Nigeria’s fiscal and external revenues.

The slides below address these and other issues in the domestic and global commodities market.


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


Related News

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

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

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

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

5.      Cocoa Prices Up By 0.82% Despite Forecasts of Robust Global Cocoa Production

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

7.      Nigeria’s Annual Lettuce Output Less Than 200,000 Tonnes

8.     Should Nigeria Ban The Importation of Tomato Paste?

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

10.  Wheat Prices Down Due To Lower Global Demand

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

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

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


Proshare Nigeria Pvt. Ltd.

 Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP