Wheat Prices Down Due To Lower Global Demand

Proshare

Friday, February 22, 2019 08:30 AM /FDC


The sustained rally of Brent ($67.20pb) is coming at a good time for Nigeria. External reserves are below $42.7bn and the naira is holding steady at the parallel market at N360/$.

Oil prices have recently been propped up by a sense of regimented output discipline amongst OPEC members. Saudi Arabia even called on Nigeria to be quota compliant as OPEC’s January production figures put Nigeria 107,000bpd over its limit. This is reflective of the cartel’s resolve to restore balance to the oil markets and boost prices.

The slides below address these and other issues in the domestic and global commodities market.


Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.


Related News

1.       Unfavourable Weather Conditions In Brazil Expected To Drive Sugar Prices Up In The Near Term

2.      Commodities Market Outlook - Commodity Traders Expect The Bullish Trend In Grains Market To Continue

3.      Higher Demand For US Wheat Output Is Expected To Push Up Prices

4.      Increased Corn Supply From Leading Producers Would Depress Prices

5.      FGN Announced Plan to Prohibit the Importation of Tomato Paste into Nigeria

6.      IOSCO Practices Aim To Create Robust Framework For Commodities’ Storage And Delivery

7.      How AFEX is boosting Financial Inclusion

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

9.      Strong West African Supply of Cocoa to Depress Prices

10.  AFEX Nigeria: New Year Goals For The Commodities Market

11.   A Definitional Guide to Understanding Commodities Exchanges

12.  India’s Diversion Of Sugar for Ethanol Production Is Expected To Drive Up Prices

13.  Weak Global Chocolate Demand To Depress Cocoa Prices

14.  Arid Weather Conditions in Ivory Coast Could Result in Increased Cocoa Prices

15.   Sesame Seeds Now Becoming A Globally Consumed Commodity

16.  Unfavourable Weather Conditions In Brazil Could Prop Up Sugar Prices In The Near Term

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

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.
READ MORE:
Related News
SCROLL TO TOP