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Cattle call the spot as 2020 top commodity

EL CENTRO — Imperial County Agricultural Commissioner Carlos Ortiz presented the 2020 Crop Report to the Imperial County Board of Supervisors Tuesday, August 10, where they officially accepted the reporting ....

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India largest export market for Nigeria in 2021 first quarter

India largest export market for Nigeria in 2021 first quarter
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NBS: Petrol, used vehicles major imports to Nigeria in Q4 2020

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This is contained in NBS recent report, titled: ‘Commodity Price Indices and Terms of Trade (Q4 2020)’.
It said these major imports were from the top major export and import market of Nigeria in Q4 2020, which were India, Spain, the Netherlands, United States and China.
The bureau also said the top major exports from Nigeria to these countries were crude petroleum and natural gas.
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According to the report, the all-commodity group import index increased by 0.13 percent in Q4 2020.
It said: “This was driven mainly by an increase in the prices of base metals and articles of base metals (1.0 percent); boilers, machinery and appliances; parts thereof (1.03 percent); and products of the chemical and allied industries (0.75 percent). ....

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Petrol, used vehicles, motorcycles, antibiotics, Nigeria's major imports – NBS

Petrol, used vehicles, motorcycles, antibiotics, Nigeria's major imports – NBS
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Nigeria's terms of trade dip 2.13% in Q3 2020

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Nigeria’s terms of trade dip 2.13% in Q3 2020
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By Yinka Kolawole & Emmanuel Elebeke
ECONOMY
The National Bureau of Statistics (NBS) has reported that Nigeria’s terms of trade (ToT) decreased by 2.13 percent in the third quarter of 2020 (Q3 2020).
NBS noted in its quarterly report on Commodity Price Indices and Terms of Trade (Q3 2020) that the slip in the ToT is due to rise in commodity import index and decrease in export price index.
The terms of trade (ToT) represent the ratio between a country’s export prices and its import prices. The ratio is calculated by dividing the price of the exports by the price of the imports, usually in percentage terms. ....

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