25 C
Lagos, South Africa and New York
Sunday, July 12, 2020

30,000 tons of Nigeria cocoa exports stalled over Covid-19 safety protocols

Health protocols introduced by Nigerian authorities to curb the spread of the Covid-19 disease have delayed cocoa exports, leaving at least 30,000 tons stranded at the Lagos port and in warehouses. Under rules introduced by shipping regulators, crew of vessels entering the country’s waters are...

Nigeria invests $500m to boost palm oil plantations to 5 million tons

Nigeria plans to invest 180 billion naira ($500 million) to increase its palm oil production from around 600,000 tons a year to 5 million tons a year by 2027, reports Bloomberg. The policy, laid out in a report from Nigeria’s trade and investment ministry, aims...

London May cocoa expiry sees 20,330 tonnes from Nigeria, others tendered

LONDON, May 14 - A total of 20,330 tonnes of cocoa was tendered against the ICE May London cocoa contract, exchange data showed on Thursday. The delivery against the May contract, which expired on Wednesday, comprised 8,280 tonnes of cocoa from Cameroon, 5,080 tonnes...

Nigeria’s cocoa mid-crop output seen weak as coronavirus disrupts farmers exports creating backlog of unshipped beans

Chijioke Ohuocha ABUJA, May 15 - Nigeria’s cocoa mid-crop output is expected to be weak as measures to curb the spread of the coronavirus hindered farmers and exporters, creating a backlog of unshipped beans, the president of the cocoa association said. Mufutau Abolarinwa told Reuters...

Farmers lament as Covid-19 Pandemic hammer Nigeria’s maize output by 30%

Maize output is expected to fall this year by 30%, from projected 25 million metric tonnes to 17.5 million tonnes, Nigeria farmers have said. “Our projection for this year was formally 25 million tonnes, but because of COVID-19 challenges we have realized that it will...

Soybeans Market 2020 Industry Analysis, Size, Share, Growth, Trend and Forecast to 2026

A new research report titled, Global Non- GMO Soybeans Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2026 offers significant and profound insights into the present market scenario and the emerging growth dynamics. The report provides the global Non- GMO Soybeans market...

Gold hits 1-month peak as rising virus fears boost demand

Gold jumped to its highest in more than a month on Monday as investors sought the safe-haven metal after surging coronavirus cases intensified concerns over a delay in global economic recovery. SPDR Gold Trust holdings rose 2% on Friday Specs raise gold bullish positions in week...

Wheat futures jump but global production estimates shrink

CBOT wheat nears one-month high Corn, soybeans touch one-week lows By Tom Polansek CHICAGO, July 8 - Global wheat futures jumped on Wednesday on short-covering and concerns about tightening global supply estimates, traders and analysts. Prices for soft red winter wheat approached a one-month high at...

Gold retreats from near eight-year peak as dollar rebounds

Gold dipped on Tuesday as investors booked profits after bullion rallied to a near eight-year peak and as demand for dollars rose amid a new surge in COVID-19 cases. Spot gold slipped 0.3% to $1,777.72 per ounce after earlier touching a high of $1,786.91, just...

Gold price surges $1,800, other metals gains as investors eye swift economic recovery

Gold rallied past the technical $1,800 threshold on Wednesday, scaling its highest since September 2011, as investors bolted for safety from the novel coronavirus and central banks implemented powerful stimulus packages to cushion its economic impact. Spot gold jumped 1% to $1,811.55 per ounce. U.S....
WP to LinkedIn Auto Publish Powered By : XYZScripts.com
Open chat
Send us your story