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Saturday, July 4, 2020

Gold to record Weekly Gain as Global Jitters Boost Haven Demand

Metal trades near $1,300 after futures breached key level Traders and analysts bullish for 8th week in Bloomberg survey Gold is headed for a third weekly gain after turbulent equity markets sent investors hunting for haven assets amid...

METALS-Copper hits 3-1/2 month low, China data reinforces demand angst

Pratima Desai * Fund selling takes copper to September lows * Premium for cash over three-month aluminium contracts (Updates with official prices, comment) By Pratima Desai LONDON, Jan 2 (Reuters) - Copper...

Ogbeh Launches Homegrown Solution to Curtail Armyworm Attacks on Crops

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has launched ‘Goldmax Total Crop Protection’, a breakthrough solution for Fall Armyworm (FAW) management and control for protection of farm produce, particularly maize grains. The product, which was produced by a renowned Nigerian chemist,...

Nigerian farmers target 25 million MT of maize production in 2019

THE National President of Maize Association of Nigeria (MAAN), Bello Abubakar said that the maize farmers under their Association would produce 25 million MT of maize next year to meet up with the local demand. Bello said that this year, the maize farmers were able...

Nigeria maize production falls as army-worms attack farmlands, spends $532.1m on importation

Maize imports rose to 100 per cent in 2017 Grain price rise to $367 per metric ton Spends $532.1 million in maize imports in 2 years As domestic demand for maize had reached at 15.5 million metric tons.

H1 Outlook: US-China trade war impact Asian soybean market

Singapore — In 2019, the US-China trade war will continue to be the main focus for the Asian soybean market. China -- the world's largest buyer of soybeans -- is also the biggest importer of US soybeans. In 2017, China imported 55% of the...

Ivorian cocoa arrivals seen at 725,809 T by Nov 30

ABIDJAN (Reuters) - *Cocoa arrivals at ports in top grower Ivory Coast reached 725,809 tonnes between Oct. 1 and Nov. 30, CCC data showed on Wednesday, up about 48 percent from 551,020 tonnes in the same period last season. *Previously, exporters had estimated around 689,000...

Gold steady in slow trading, muted dollar supports

Eileen Soreng BENGALURU (Reuters) - Gold prices were steady on Tuesday, after moving in a tight range in holiday-thinned trading, holding above the 1,220 level as the dollar was pressured by weak U.S. economic data and a clouded interest rate outlook. Spot gold was little changed...

NSE Lifts Suspension on Shares of FTN Cocoa Processors Plc

ASI Down 9%; NIBOR Moves in Mixed Directions … The Nigerian equities market tanked by 9%, reversing yesterday’s gain, on renewed sell-offs to close the week red At the end of trades, there were 19 losers against 18 gainers while on a year- to-date basis,...

Price hike, rice scarcity looms in Nigeria over favorable weather

Scarcity of rice is imminent in Nigeria next year with resultant hike in prices unless farmers take appropriate measures to replant the commodity after the recent flood mayhem in some states including Kebbi, Jigawa, Anambra and Kogi, which destroyed farmlands. Nigeria declared a national disaster...
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