The World Bank says agricultural prices are expected to fall 2.6 per cent this year on average, amid ample stocks but foresees a 1.7 per cent rise in 2020 on expected cuts in U.S. crop plantings and higher costs of energy and fertilizers. For a focus on the global commodities market, Damilola Akinbami, Head of Research at Financial Derivatives joins CNBC Africa for more.
Data from the National Bureau of Statistics (NBS) shows that Nigeria's agricultural sector growth slowed to 1.79 per cent in the second quarter, compared to the 3.17 per cent growth recorded in the first quarter of this year. To discuss the performance of the agricultural sector and what areas Nigeria's new minister of Agriculture should prioritise, Akin Laoye, Executive Director of FTN Cocoa Processors joins CNBC Africa for more.
Nigeria’s gateway state, Ogun State takes stock of economic activities over the last seven years through its 4th Investor’s Forum which seeks to consolidate gains and accelerate the growth of agriculture, industry and technology, and also declare the state open for business.