Sugar Prices Decline by 0.36% as Sugar Consumption in India Drops


Thursday, October 25, 2018 / 07:10 PM / FDC  

Nigeria’s Consumer Confidence Index (a measure of consumer optimism about their present economic circumstances) declined by 9% in Q3’18. This is an indication of dwindling purchasing power and economic despair. This is likely to make the current minimum wage negotiation more acrimonious.

Brent price dropped sharply by 4.5% to $75.74pb in one week. The impact of this decline on oil revenues, external reserves and the value of the naira will be profound if it is sustained.

The attached document contains a snapshot of the global and domestic developments in the commodities market this week.   

 Proshare Nigeria Pvt. Ltd.

 Proshare Nigeria Pvt. Ltd.

Related News

1.       Global Market for Pulp is $168bn of Which Nigeria Controls Less Than 0.5%

2.      Vibrant Commodities Exchange will Aid Economic Development - SEC Nigeria

3.      Price of Cocoa Jumped by 18% YTD as Ivory Coast and Ghana Harmonise Sale Strategy

4.      Monsoon in India and Drought in Brazil Will Continue to Raise Sugar Prices

5.      Wheat Prices Up by 0.39% On The Back of Unfavourable Weather Conditions in the US

6.      Weak Supply of Wheat and Corn Would Lead to an Uptick in Global Prices

7.      Ivory Coast Raised Its Farmgate Price of Cocoa to $1,340 per tonne for The 2018-19 Season

8.     Nigeria is The World Second Largest Producer of Sweet Potatoes

9.      Incessant Flooding Disrupted Distribution and Logistics of Farm Products in Middle Belt of Nigeria

10.  Global Price of Palm Oil Crashed by 12.9% to$623 per tonne in 2018

Related News