Commodities | |
Commodities | |
1229 VIEWS | |
![]() |
Tuesday, September 18, 2018 / 06:35 PM / FDC
Brent
oil is trading at approximately $79pb, 54.9% above the budget oil price
benchmark ($51pb). However, the downside is its effect on landing costs and
subsidy payments to oil marketers in Nigeria.
Nigeria
is currently the largest producer of cowpea in the world, accounting for 43% of
global supply (7mn tonnes). Output yield in the $4.5bn worth industry is
however being hindered by pest infection and diseases. With the right
technology and equipment, cowpea production in Nigeria can reach its potential
of 6mn tonnes.
The
attached document contains a snapshot of the global and domestic developments
in the commodities market.
Related News
1.
Robust US Harvest to Fuel Concerns of Grains Oversupply
2.
Master Bakers Association Threatens to Increase The Price
of Bread Due to Rising Costs of Inputs
3.
Weather Conditions in Top Producers Continue to Influence
Grain Prices
4.
Restrictions on Russian Wheat Exports to Push Prices Up
5.
Higher Cocoa Production From Ivory Coast and Ghana Likely
To Weigh On The Market
6.
Nigeria is World Largest Producer of Cocoyam With An
Output of 3.2mn Tonnes
7.
Tomatoes Witnessed High Price Volatility in Recent Times
8.
Sugar Prices Rose 0.87% to $0.1043 per Pound as Brazil
Dumps Sugar Production for Soy
9.
Wheat Fell By 0.77% to $5.82 per Bushel Due To Concerns
of Weak Global Demand
10. Sugar Prices Up by 0.09% To $0.1054 Per Pound