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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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Monday, September 21, 2020

CFA franc

Wheat: CFA Franc importers should take advantage of decade low prices, weaker dollar

FrancTrade view: Last week’s disappointing US non-farm payrolls undermined the US dollar against emerging market and major currencies. The US dollar is currently 5% weaker vs. the CFA franc compared with its high in November 2015.  CFA franc importers should take advantage of current conducive market conditions, including multi-year lows in wheat prices and lock