FDC Commodities Update – November 23, 2017

Dear Subscriber,

Domestic commodity prices, mainly yam and flour, have declined sharply in the last few weeks. This is good news, particularly as food inflation in October was relatively high at 20.31%.

In the global oil markets, Brent oil slid 0.25% to $63.16pb due to uncertainty about Russia’s willingness to support an extension of the production cut deal. Investors are maintaining tentative positions in anticipation of OPEC’s bi-annual meeting on November 30.

The attached slides sum up the events that took place in the domestic and global commodity markets this week.

Enjoy your read!