Wheat Prices Down By 0.15% Amid Signs of Weak Demand for US Wheat


Friday, February 01, 2019 08:10 AM / FDC   

The US Federal Reserve left its benchmark interest rate unchanged at 2.25%-2.5%p.a and pledged to adopt a more cautious approach towards future rate hikes. The US dollar depreciated against the basket of major currencies as markets now expect two rate hikes in 2019, down from three previously.

The price of Brent oil increased by 0.92% to $62.22pb partly due to the weaker greenback. As far as Nigeria is concerned, higher oil prices would continue to support fiscal and export revenues.

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

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Wheat Prices Down By -0.19% Despite Concerns Of High Global Demand

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.
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