Supply Shortages from India to Keep Sugar Prices Up

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


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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.   

 

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