Sugar Prices Down 2.66% After The USDA Projected A Sharp Increase In India’s Sugar Output

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Friday, November 23,  2018 / 03:59 PM / FDC                              

 

Brent crude price has plunged by 27% to $62.06pb since October. A slowing global growth outlook is dampening the demand for crude oil.

 

If this price trend continues, Q4 oil revenue could fall to as low as $9bn. This could affect the CBN’s ability to support the naira in the future.

 

The slides below summarize the events that took place in the domestic and global commodity markets this week.

 

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Proshare Nigeria Pvt. Ltd.


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