FDC Commodities Update – November 28, 2017

Dear Subscriber,

With oil prices hovering just above $63pb ahead of the Nov. 30th OPEC meeting in Vienna, the general consensus is that the cartel will extend output cuts beyond March 2018. Some are of the opinion that further cuts will hasten re-balancing of the oil markets.

The Federal Government, through its intervention programs, has displayed commitment towards strengthening the agric sector value chain. This is crucial for economic growth and job creation. The Vice President has warned that the FG will have zero tolerance for smuggling of major staples like rice and poultry into Nigeria.

Attached is a synopsis of commodity price movements for this week.

Enjoy your read!