Uncertainty On US-China Trade Deal To Drive Grain Prices In The Near Terms

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Friday, December 20, 2019 / 10:35 AM / by FDC / Header Image Credit: FDC               

 

Just as President Buhari assented to the 2020 budget, so did Bonny Light price rally to $66.22pb.

 

How long this rally will last depends on the probability of an easing of trade tensions between China and the US.

 

The budget benchmark price is $57pb, giving a current headroom of $10pb which is good news for the fiscal deficit.

 

In the slides below, these issues were discussed by analysts at the FDC Think Tank on Channels TV Business Morning programme.



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