Commodity prices have maintained their upward trajectory this week with further spikes in the price of garri and beans. Garri has increased by 23% to N32, 000 while beans has increased by 18% to N26,000.

Oil prices continue to trend downwards to $49.24pb, despite news of severed relationships between four Arab nations and Qatar. On the bright side, Forcados terminal is set to resume operations thereby increasing Nigeria’s oil production by approximately 300,000bpd.

The attached report summarizes the commodity price movements for this week.

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