{"id":27711,"date":"2019-10-25T08:17:36","date_gmt":"2019-10-25T08:17:36","guid":{"rendered":"http:\/\/fdcng.com\/?p=27711"},"modified":"2019-10-25T08:17:36","modified_gmt":"2019-10-25T08:17:36","slug":"fdc-commodity-update-october-24-2019","status":"publish","type":"post","link":"https:\/\/fdcng.com\/fdc-commodity-update-october-24-2019\/","title":{"rendered":"FDC COMMODITY UPDATE &#8211; OCTOBER 24, 2019"},"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=\"http:\/\/fdcng.com\/wp-content\/uploads\/2019\/10\/Commodities-Update-October-24-2019.pdf\" target=\"_blank\">DOWNLOAD PDF<\/a><\/div> [\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber,<\/p>\n<p><u>OPEC considers deeper oil production cuts<\/u><\/p>\n<p>Brent oil has increased 1.9% in the last 2 days to $61.33pb on reports that OPEC and its allies are considering implementing deeper production cuts at its next bi-annual meeting in December.<\/p>\n<p>If OPEC increases its production cuts and enforces the quota, Nigeria\u2019s oil revenues will suffer in spite of the higher oil price. \u00a0The Nigerian economy is more sensitive to oil production <a style=\"text-decoration:none; color: #8C84B7;\" href=\"https:\/\/cialico.com\">https:\/\/cialico.com<\/a> than price.<\/p>\n<p><u>Nigeria\u2019s vegetable oil consumption set to increase<\/u><\/p>\n<p>Nigeria consumes an estimated 1 million tons of vegetable oil annually. Demand is set to increase as the festive season approaches. However, demand exceeds supply with the shortfall estimated at 300,000 tons.<\/p>\n<p>The current initiatives to improve agricultural yields is likely to result in higher domestic production of vegetable oil in Nigeria.<\/p>\n<p>In the slides, these and other issues were discussed on the Channels TV Business Morning programme today.<\/p>\n<p>Enjoy your read![\/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, OPEC considers deeper oil production cuts Brent oil has increased 1.9% in the last 2 days to $61.33pb&#8230;<\/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\/27711"}],"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=27711"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/27711\/revisions"}],"predecessor-version":[{"id":27712,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/27711\/revisions\/27712"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=27711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=27711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=27711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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