FDC COMMODITY UPDATE – JUNE 08, 2017

Tomato price spiked 29% to N18,000 per basket due to lower supply from the North during the Ramadan. Diesel has remained flat at N180/ltr despite falling power output (3,661MW/h) from the grid.

Oil prices dipped to $48.43pb, 10% lower than the 2017 average of $53pb. Ironically the naira appreciated at the parallel market to N366/$.

The volatility in all of these markets are captured in the attached report.

Enjoy your read!