Gold prices rose 1% last week as economic data from the euro zone exacerbated fears of a global slowdown weighing on risk sentiment and putting gold on track for its best week in nearly 2-months. Meanwhile, oil prices hit 4-month highs with US Oil breaching $60
In Zimbabwe, the high cost of bread is forcing citizens to look for alternatives to this basic commodity as food shortages and soaring prices continue to worsen.
In a report, Esoko stated that the reduction is because farmers want to sell their old stock as this is to help them raise enough money for the new season. Most commodities made gains in the month of February. However, the majority of the gains
Chinese hog prices marched to their highest in 14 months on Monday and look set to keep rising after weeks of gains, analysts and producers said, as the worst disease outbreak to hit the country’s vast pig herd in years chops supply. Live hog prices
Foreign Affairs Minister Dr. Richard Sezibera has allayed fears of a significant trade impact that could result from the current impasse with neighbouring Uganda. The government late last week issued a travel advisory on Rwandans going to Uganda, owing to the spate of illegal detentions of
Coffee farmers are not as happy as other players along the value chain because they are getting a modest share of revenues, experts in the industry have agreed. This, they say, only spells negative consequences to the sector, if it remains unchecked. “As we are here,
The influx of grain in the market has subdued buying price of a 90-kilogramme bag from a high of Sh2,100 last month to Sh1,800 currently. This has slashed the cost of maize flour with a two-kilogram packet of the commodity selling at between Sh85
The income that coffee farmers earn from the produce is set to reduce after the farmgate price for a kilogram of coffee cherries dropped from Rwf267 in 2018 to Rwf190 this season. The new price was announced last week by the National Agricultural Export Development
Africa has about 12 percent of the world’s oil reserves, 42 percent of its gold, 80 percent to 90 percent of chromium and platinum group metals and 60 percent of its arable land, in addition to vast timber resources. Africa experienced a commodity boom during
The AFEX Commodities composite index is up 18.9 percent season-to-date. The index tracks the prices of soft commodities like maize, soybean and paddy rice. Akinyinka Akintunde, Business Development Manager at AFEX Commodities Exchange joins CNBC Africa to discuss the outlook for soft commodities in Nigeria.