{"id":122164,"date":"2024-10-22T17:32:43","date_gmt":"2024-10-22T17:32:43","guid":{"rendered":"https:\/\/fdcng.com\/?p=122164"},"modified":"2024-10-22T17:32:43","modified_gmt":"2024-10-22T17:32:43","slug":"fdc-commodity-update-october-22-2024","status":"publish","type":"post","link":"https:\/\/fdcng.com\/fdc-commodity-update-october-22-2024\/","title":{"rendered":"FDC COMMODITY UPDATE &#8211; October 22, 2024"},"content":{"rendered":"<p>[vc_row][vc_column]<div class=\"gem-button-container gem-button-position-inline\"><a class=\"gem-button gem-button-size-small gem-button-style-flat gem-button-text-weight-normal\" style=\"border-radius: 3px;background-color: #ddbd89;color: #ffffff;\" onmouseleave=\"this.style.backgroundColor='#ddbd89';this.style.color='#ffffff';\" onmouseenter=\"this.style.backgroundColor='#ddccaa';this.style.color='#000000';\" href=\"https:\/\/youtu.be\/IawtXHyvQss?si=tjk4_92SgJBapzM_\" target=\"_blank\">LINK TO YOUTUBE VIDEO<\/a><\/div> <div class=\"gem-button-container gem-button-position-inline\"><a class=\"gem-button gem-button-size-small gem-button-style-flat gem-button-text-weight-normal\" style=\"border-radius: 3px;background-color: #ddbd89;color: #ffffff;\" onmouseleave=\"this.style.backgroundColor='#ddbd89';this.style.color='#ffffff';\" onmouseenter=\"this.style.backgroundColor='#ddccaa';this.style.color='#000000';\" href=\"https:\/\/fdcng.com\/wp-content\/uploads\/2024\/10\/Commodities-slides-October-22nd-2024.pdf\" target=\"_blank\">DOWNLOAD PDF<\/a><\/div> [\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber,<\/p>\n<p><strong><em>Brent up 0.73% as China cuts interest rates by 25bps<\/em><\/strong><\/p>\n<p>Brent futures rose 0.73% to $74.83pb, triggered by a 25bps reduction in China\u2019s key lending rates from 3.35% to 3.10% and 3.85% to 3.60% to support economic growth. China\u2019s GDP slowed from 4.7% to 4.6%, which was lower than the analysts&#8217; expectations of 4.5%. Air raid sirens in Tel Aviv, despite Anthony Blinken\u2019s ceasefire talks, further bolstered oil prices.<\/p>\n<p><strong><em>The price of a crate of 30 eggs rose by 100% to N6,000<\/em><\/strong><\/p>\n<p>The price of a crate of eggs (30) increased by 100% to N6,000 in October. This is driven by a sharp rise in grain (corn and sorghum) prices, which account for about 65% of poultry feed. The 63.5% spike in PMS prices to N1,030\/litre also pushed up egg prices. Timely implementation of the duty waiver on grains and subsidizing poultry feed could help stabilize egg prices in the near term.<\/p>\n<p>FDC\u2019s senior associate, Halimah Adediran and senior analyst, Tomiwa Ajewole, discussed these and other burning economic issues on Channels TV Business Morning and Business Incorporated programmes, respectively.<\/p>\n<p>Click the link below to watch the video.<\/p>\n<p>Enjoy your read!<\/p>\n<p><strong><em>\u00a0<\/em><\/strong>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber, Brent up 0.73% as China cuts interest rates by 25bps Brent futures rose 0.73% to $74.83pb, triggered by&#8230;<\/p>\n","protected":false},"author":11,"featured_media":122162,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,110],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/122164"}],"collection":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=122164"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/122164\/revisions"}],"predecessor-version":[{"id":122165,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/122164\/revisions\/122165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media\/122162"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=122164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=122164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=122164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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