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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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July 24, 2021

MARKET FLASH: Strong rise in West African crude oil exports to Asia expected in November due to firm Chinese demand

A Bloomberg survey of traders expects shipments this month to Asia from Angola, Nigeria, Equatorial Guinea, Republic of Congo, Ghana, Cameroon, Gabon and the Democratic Republic of Congo to rise by 8 to 60 cargoes. This is equivalent to 1.9 million barrels per day (mbpd), up from 1.6mbpd in October. Asian demand is being boosted by the end of seasonal refinery maintenance and increased shipments to China ahead of Chinese New Year celebrations at the end of January 2017.

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