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Across Your Markets

Change in commodity futures prices in 2018: Cocoa (+28%); Wheat (+17.9%); Maize (+6.9%); Natural gas (-0.4%); Gold (-2.1%); Soyabeans (-2.1%); Cotton (-8.2%); Rough rice (-13.6%); Platinum (-14.8%); Arabica coffee (-19.3%); Brent crude oil (-19.6%); Copper (-20.3%); Sugar (-20.3%);     LafargeHolcim is expanding cement production capacity in Cameroon to 2.1million tonnes from 1.6 million tonnes to compete more aggressively with Dangote which plans to boost capacity to 3 million tonnes within 3 years

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Friday, February 15, 2019

Senegal

Renault: Provisional data shows a decline in car sales in francophone Africa

Provisional sales reports from car-maker Renault showed ‘passenger car’ (PC) and ‘light commercial vehicle’ (LCV) car sales dropped marginally in francophone Africa in the year to September 2016 despite an increase in global sales. Notable declines were seen in Chad, Niger, Madagascar and the Democratic Republic of Congo. On aggregate, sales in francophone Africa fell

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

A lot still to go in Senegal, according to Cairn Energy

FrancTrade quote: “…a safe and successful appraisal drilling campaign has confirmed the world class nature of the [Senegal] SNE field… and also with the additional potential that we see, not only in SNE but also in the surrounding acreage position.” Simon Thompson, Chief Executive Officer, Cairn Energy PLC Cairn Energy PLC, a UK listed FTSE