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Staple Food Prices Remain High Due to Shortages Arising From Heavy Rains

Proshare

Saturday, July 08, 2017 11:32 AM / FDC 

Oil prices increased by 1.95% to $48.72pb as US data showed that crude inventories fell by 6.3mb. The gradual rebound in price is good news for Nigeria as domestic production is expected to increase to approximately 1.8mbpd.

 

Staple food prices remain high partly due to shortages arising from heavy rains.

 

The attached bulletin addresses price movements in the domestic and global commodities market.  

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

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4.   Domestic Commodity Prices Remain Sticky Downwards as Crop Diseases Keep Prices Elevated

5.      Price of a Bag of Rice Declined by 14%

6.      Commodity Prices Maintained Upward Trajectory

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8.     Retail Prices Remained Stubbornly Static as Naira Strengthened at the New Forex Window

9.      Commodity Retailers Leave Retail Prices Unchanged

10.  Oil Prices Took a Hit as Naira Converged Below N400 to a Dollar

11.   Retail Commodity Prices Remained Relatively Unchanged as Manufacturers Capitalize on Margins

 

 

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