High Cost of Farm Inputs to Push Wheat Prices Up


Friday, March 19, 2021 / 12:15 PM / FDC / Header Image Credit: FDC 

Proshare Nigeria Pvt. Ltd.

Brent has lost 3.73% in the last week to trade at $67.85pb, owing to the pessimistic outlook of the IEA and rising US crude stockpiles (2.4m barrel last week). There are also concerns that Europe's energy demand recovery may stall. We are expecting oil price to trade lower in the weeks ahead between $65pb-$70pb, as we await the outcome of OPEC's meeting on April 1 to determine its production levels for May.

We have also seen a tapering of domestic commodity prices in response to improved output and fewer disruptions of the supply chain.

The slides below give a snapshot of the discussion in the commodities segment of the Business Morning programme on Channels TV by the FDC Think Tank.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News

1.       AFEX Indexes Experienced Negative Performance for the Week Ended 120321

2.      ComX Partners Proshare for a Twitter Chat on Trading of New Products

3.      Price of Garri Jumps as Cassava Shortage Looms

4.      Prices of Pepper, Condiments and Spices Jump ahead of Easter

5.      AFEX Commodities Index Experience Positive Performance as @ 050321

6.      CBN Facilitates Release of 50,000 MT of Maize

7.      Xplore February 2021: Financing the Demand Side

8.     AFEX Raises $50 Million to Finance Agri-SMEs in Nigeria

9.      Sugar Prices Bearish on Weak Global Demand for Cane Sugar

10.  Agri-Specialist Describes the CBN's Restructuring of NCX As Counter-Productive


 Proshare Nigeria Pvt. Ltd.

Related News