FrancTrade on Facebook
FrancTrade on Twitter
FrancTrade on LinkedIn
RSS Feed
For anyone currently watching cocoa markets, this statement might sound familiar: “It’s a complete mess at the moment. I wish Ghana and Cote d’Ivoire would talk and listen”. But why the accusatory stance on these producing countries? Cut to the chase and US chocolate-maker, Hershey’s, is expected to take delivery of a large volume of
Food and fertiliser importers will have to source foreign exchange independently of the central bank as part of efforts to stem forex outflows and narrow Nigeria’s trade deficit. The country’s trade deficit widened to NGN 178.2 billion in June 2020, the largest in over 15 years. Nigeria spent 16 percent of its total import bill
Two weeks ago, WTI crude for May delivery tumbled deep into negative territory. Some could argue the writing was on the wall when major #African producers failed to secure buyers from staple and long-haul markets, against a backdrop of severely limited storage capacity. Even now, markets in contango offer little comfort to naturally-long or speculatively-short
“Luigi Di Maio, Italian deputy prime minister… accused the French government of manipulating the economies of mainly former French colonies in Africa, which use a form of the pre-independence currency known as a CFA franc.” Source: BBC Franc commentary: Myriad of African economists have argued on both sides of this issue over recent decades, so, that
Questions over the CFA franc’s peg to the euro; and XAF/XOF parity A Franctrade survey suggests that the CFA franc’s peg to the euro will remain a major theme for business and industry leaders in the region in 2019 with many participants taking the view that a devaluation of the currency is now
