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Brent slipped 0.46%. to $70.74pb

Brent futures lost 0.46% to $70.74pb on broader market weakness and concerns about global glut. We anticipate a further decline in oil prices due to OPEC+ output increase in April. However, falling oil, cocoa, and LNG prices pose significant fiscal risks for the external sector.

Global price of rubber declined to $1,948/tonne (YTD)

The price of natural rubber dropped by 1.32% YTD to $1,948/tonne, from $1,974.06/tonne in January, due to supply concerns and ongoing trade tariffs. With production set to decline in major producing countries in 2025, prices are expected to rise. This could lead to higher costs for tires, sporting equipment, footwear, and other rubber-based products.

FDC’s M.D., Mr. Bismarck Rewane, and senior analyst Miriam Odey discussed these and other burning economic issues on Channels TV Business Morning and Business Incorporated, respectively.

Click the link below to watch the video.

Enjoy your read!