September 26, 2018 / 11:22 AM / FDC Research
Global price of palm oil has crashed by 12.9% to $623 per tonne in 2018. Similarly, the domestic price fell from N25,000 to N10,000 per 25litre .
Nigerian palm oil production has been at 1.5% of global output. The major domestic palm oil producers have seen their profitability and share prices fall recently.
The attached document contains a snapshot of the global and domestic developments in the commodities market this week.