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.
Related News
1. Global Price of Palm Oil Crashed by 12.9% to$623 pertonne in 2018
2. Corn Prices Rose by 0.29% to $3.44 per Bushel; Driven byWeak US Corn Yields
3. Flood and Disease Outbreak Would Affect Nigeria’s CocoaOutput and Push Prices Up
4. Robust US Harvest to Fuel Concerns of Grains Oversupply
5. Master Bakers Association Threatens to Increase The Priceof Bread Due to Rising Costs of Inputs
6. Weather Conditions in Top Producers Continue to InfluenceGrain Prices
7. Restrictions on Russian Wheat Exports to Push Prices Up
8. Higher Cocoa Production From Ivory Coast and Ghana LikelyTo Weigh On The Market