| Commodities |     1119 VIEWS  |
| Commodities | |
| 1119 VIEWS | |
 |
Wednesday, October 17, 2018 / 01:03 PM / FDC Research
The
policy preference of the CBN is a simple trade-off of lower external reserves
for a strong naira. Unfortunately, both of these variables are positively
correlated and mutually reinforcing.
Thus,
eating most of the cake and keeping it can be illusionary even at the best of
times.
The
comforting news, is that with oil at $80pb, Q4 oil revenue could be as high as
$11bn. This could be the much needed lifeline for the markets in November and
December 2018.
The
attached bulletin addresses these and other issues in the domestic and global
commodities market.
Related News
1. Wheat Prices Up
by 0.39% On The Back of Unfavourable Weather Conditions in the US
2. Weak Supply of
Wheat and Corn Would Lead to an Uptick in Global Prices
3. Ivory Coast
Raised Its Farmgate Price of Cocoa to $1,340 per tonne for The 2018-19 Season
4. Nigeria is The
World Second Largest Producer of Sweet Potatoes
5. Incessant
Flooding Disrupted Distribution and Logistics of Farm Products in Middle Belt
of Nigeria
6. Global Price of
Palm Oil Crashed by 12.9% to$623 per tonne in 2018
7. Corn Prices Rose
by 0.29% to $3.44 per Bushel; Driven by Weak US Corn Yields
8. Flood and
Disease Outbreak Would Affect Nigeria’s Cocoa Output and Push Prices Up
9. Robust US
Harvest to Fuel Concerns of Grains Oversupply
10. Master Bakers
Association Threatens to Increase The Price of Bread Due to Rising Costs of
Inputs
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