Nigeria is now the world\u2019s second largest producer of sorghum, with an annual output of 6.94 million tonnes. This highlights significant progress in the federal government\u2019s efforts to boost self-sufficiency for key commodities and diversify the export base.<\/p>\n

Meanwhile, Brent Oil jumped to a three-year high of $68.13pb underpinned by strong global demand and tensions in Iran. However, rising shale production poses a threat to the recent rally. Goldman Sachs forecasts an average price of $62pb in 2018, 11% above 2017\u2019s average of $52pb.<\/p>\n

The attached slides summarises the events that took place in the domestic and global commodity markets this week.<\/p>\n

Enjoy your read![\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber, Nigeria is now the world\u2019s second largest producer of sorghum, with an annual output of 6.94 million tonnes….<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,35],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26381"}],"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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=26381"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26381\/revisions"}],"predecessor-version":[{"id":26382,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26381\/revisions\/26382"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=26381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=26381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=26381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}