Supply Shortages from India to Keep Sugar Prices Up

Wednesday, December 02, 2020 / 2:20 PM / FDC / Header Image Credit: FDC 

After years of all talk and no result, the Lagos-Ibadan railway service is to commence operations on Monday (December 7). This service, even though skeletal will have major implications on costs (logistics & distribution), inflation, commodity prices, real estate values and rents (in Lagos & Ogun states) in the near term.

OPEC+ deferred their meeting till December 3 as the three price leaders (Russia, Saudi Arabia, and UAE) are at logger heads on whether to delay or reinstate output cuts. Irrespective of what happens, Brent could hover around $44-$45pb, which is still positive for Nigeria's export earnings.

The slides below provide a snapshot of the discussion in the Commodities segment of the Business Morning Programme on Channels TV by the Head of the FDC Think Tank.   

Related News

1.       Depletion of Global Stocks Causes Price Hikes in the International Market

2.      Coronavirus Vaccine: Tailwind for Oil, Headwind for Gold

3.      No Respite for Food Prices Amidst Onion Scarcity

4.      Cocoa Supply Challenges to Persist on Lingering Political Tensions in Ivory Coast

5.      ACI Experienced a Positive Performance - AFEX Commodities Weekly Report 291020

6.      ACI Experienced a Positive Performance - AFEX Commodities Weekly Report 231020

7.      October 2020 Commodity Markets Outlook: Lower Oil Demand Likely to Persist Beyond 2021

8.     Depletion of Global Stocks Causes Price Hikes in the International Market

9.      Maize Shortfall: Nigeria Searches for Alternatives

10.  Why Nigeria Should Join the Ghana-Ivory Coast Cartel

11.   ACI Retained its Performance - AFEX Commodities Weekly Report 240920

12.  Fear of Lower Output Looms as Excessive Rainfall Stalls Cocoa Harvest

13.  Global Trade in Food and Agricultural Products More Than Doubles in Last Two Decades

14.  CBN's Policy Response on Maize Resulted by Lean Season - AFEX Commodities Monthly Report

15.  ACI Experienced a Marginal Performance - AFEX Commodities Weekly Report 170920

16.  40% Of Nigeria's Annual Cocoa Output Under Threat From Excessive Rainfall In The South West

17.   An Impending Food Crisis?