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Across Your Markets

Change in commodity futures prices YTD May 8, 2020: Cocoa (-4.8%); Wheat (+3.7%); Maize (-17.5%); ICE Natural gas (-55%); Gold (+12.1%); Soyabeans (-23.1%); Cotton (-18.2%); Rough rice (+27.2%); Platinum (-18.5%); Arabica coffee (-15.1%); Brent crude oil (-53.3%); Copper (-14.6%); Sugar (-23.3%);     Whilst Africa's growth in 2020 could fall to its lowest since the 2008/9 global financial crisis, the asymmetric nature of shocks facing the region, coupled with increasing investment and cross-border trade, should help the region recover speedily.

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Thursday, July 2, 2020

Maritime

Is Dakar the next port and logistics El Dorado?

A leading enabler of global trade Dubai Ports (DP) World, which operates marine and inland terminals across six continents, is looking to turn the West African city of Dakar in Senegal into a key logistics hub. The chairman and CEO of DP World has reiterated the company’s readiness to be part of the massive change

West African crude exports to Asia drop; “Dirty Diesel”

57 vs 66 The volume of crude oil being shipped to Asia from West Africa has moderated this September. This is according to a Bloomberg survey of traders which predicts cargoes will fall to 1.79 million barrels a day down over 10% from August. 57 cargoes are expected to be shipped to Asia from Angola,