US Threat Of 5% Tariff On Mexican Goods Likely To Weigh On Avocado Prices

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Tuesday, June 11, 2019 5:40PM /by FDC Ltd


Oil prices are now in bear territory – down 13.91% since April to $62.67pb and trading precariously close to the budget benchmark ($60pb). This could be a big threat to Nigeria’s macroeconomic stability. In the same vein, the country’s trade surplus declined by 67.65% to $2.2bn in Q1’19 from $6.8bn in Q4’18.

Avocado is a product consumed by the affluent in Nigeria but is becoming more widely patronised for health reasons. It is produced by small-scale farmers and during the off-season is smuggled from neighbouring countries. It is a $10bn global commodity and remains a big opportunity for exports and domestic consumption.

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


Proshare Nigeria Pvt. Ltd.



Proshare Nigeria Pvt. Ltd.


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Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

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