FDC Commodities Update – November 30, 2017

Dear Subscriber,

OPEC and Russia met today in Vienna to deliberate on global oil market developments. Prices edged higher above $64pb as OPEC signals a possible extension of an output cut beyond the initial deadline of March 2018 to the end of 2018.

Domestic commodities on the other https://xanaxbest.com hand were oblivious to global events, remaining relatively stable. The only outlier, rice, increased by 11.7% to N17,000/bag (50kg) as expected with the fast approaching festive season.

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

Enjoy your read!