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Market | Commodities

Incessant Flooding Disrupted Distribution and Logistics of Farm Products in Middle Belt of Nigeria

Sep 28, 2018   •   by   •   Source: Proshare   •   eye-icon 1985 views

Friday, September 28, 2018 / 09:33AM / FDC Research                             

 Incessantflooding has disrupted the distribution and logistics of farm products in theMiddle Belt of Nigeria. This has led to an uptick in food prices and inflation.

 

Theplanned 2.3% (N250) increase in the price of flour is also going to push up thelevel of food inflation in October.

 

Theexpected inflation pressure is likely to be compounded by the minimum wagesettlement in the next few days.

 

Theattached document contains a snapshot of the global and domestic developmentsin the commodities market this week.   

 

Proshare Nigeria Pvt. Ltd.

 

Proshare Nigeria Pvt. Ltd.

 

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