• ABOUT
  • CONTACT
  • ADVERTISE
  • PRIVACY POLICY
  • DONATE
  • SUBSCRIBE
  • WRITE FOR US
WELCOME TO MY WOVEN WORDS
  • Home
  • Favourite
    • Culture
    • History
    • Mythology
    • Folktale
    • Biography
    • Featured
      • Face of the Week
      • Brand of the Week
      • Interview
  • How To
    • Recipe
    • Relationship
    • Fashion
    • Health
    • Food
    • Motivational
    • Inspirational
    • Entrepreneurship
    • Business
    • Technology
  • Entertainment
    • Laugh Out Loud
    • Music
    • Article
    • Interview
    • Album Review
    • Omo Baba Ogunleye
    • Short Story
    • Poetry
  • Self Development
    • Motivational
    • Inspirational
    • Business
    • Entrepreneurship
    • Recipe
    • Interview
    • Biography
    • Relationship
    • Health
  • Literature
    • Competition Entry
    • Article
    • Poetry
    • Short Story
  • Columns
    • Poet Arin
    • Emmanuel Ikoromasoma
    • Omo Baba Ogunleye
    • Communicate Your Transformation
    • Superlight’s Guidelines
    • Janna Onyemaobi
    • De Jakins
No Result
View All Result
  • Home
  • Favourite
    • Culture
    • History
    • Mythology
    • Folktale
    • Biography
    • Featured
      • Face of the Week
      • Brand of the Week
      • Interview
  • How To
    • Recipe
    • Relationship
    • Fashion
    • Health
    • Food
    • Motivational
    • Inspirational
    • Entrepreneurship
    • Business
    • Technology
  • Entertainment
    • Laugh Out Loud
    • Music
    • Article
    • Interview
    • Album Review
    • Omo Baba Ogunleye
    • Short Story
    • Poetry
  • Self Development
    • Motivational
    • Inspirational
    • Business
    • Entrepreneurship
    • Recipe
    • Interview
    • Biography
    • Relationship
    • Health
  • Literature
    • Competition Entry
    • Article
    • Poetry
    • Short Story
  • Columns
    • Poet Arin
    • Emmanuel Ikoromasoma
    • Omo Baba Ogunleye
    • Communicate Your Transformation
    • Superlight’s Guidelines
    • Janna Onyemaobi
    • De Jakins
No Result
View All Result
WELCOME TO MY WOVEN WORDS
No Result
View All Result

MyWovenWords » COMMODITY MARKET UPDATE; WHEAT – OLADELE ABIGAIL

COMMODITY MARKET UPDATE; WHEAT – OLADELE ABIGAIL

by Johnson Okunade
April 3, 2019 - Updated on March 27, 2020
in Commodity Market, Economics, Economy, Nigeria, Oladele Abigail
Reading Time: 2 mins read
A A
3
commodity market update
SHARE THIS POST:

COMMODITY MARKET UPDATE; WHEAT

Our commodity focus for last week is wheat. Wheat is one of the world’s most commonly consumed cereal grain. It is grown in almost every part of the world. Global demand for wheat has been on the increase side. The Food and Agriculture Organization in 2016 claimed Wheat to be the second most-produced cereal after maize as global production of wheat then, was 749 million tonnes. The increase in the world production could be attributed to consumer tastes and preference, and to the demand for the varieties that came out of wheat. Wheat being the leading source of vegetal protein in human food when relatively compared to other major cereals explains the consumer preference.

Even as the global production Increases, the price still fluctuates due to the forces of demand and supply.

The table above shows the trading prices that occurred in the past week, that is from 25th-31st of March 2019. The highest price traded was $173.89/tonne while the lowest price traded was $168.80/tonne.
The wheat global market experienced a decline in all of its trading days except on Tuesday, 26th March 2019 where it had a change of 0.69%. This decline was generally attributed to the fact that some part of India (the 2nd top world producer of wheat) is expecting to reap a bumper harvest of wheat.
However, from the news about wheat this past week, the prices should increase considering the Heavy snow in the United States (a top global producer of wheat) that threatens the wheat crop. This limits the total production, and with a high demand, producers will increase prices since many consumers are competing for few goods. Local wheat production in Zimbabwe also declined. This is expected to bring about an increase in price. The anticipated low production of wheat in Pakistan, the 8th top global producers of wheat should also bring about an increase in the price
OUTLOOK.
We expect an increase in the prices of wheat this new week.

By Oladele Abigail

Contact me

Instagram: _tijesuni
E-mail: [email protected]
Mobile number: 08163547036

About me
Oladele Abigail, an economics student of Bowen University who applies her passion for writing to her career path.

Please drop your opinion in the comment box below, It really matters.

THANKS A MILLION!

Thanks for visiting My Woven Words; we still write what is right!


SHARE THIS POST:

Related Posts

ELECTRONIC MEANS OF TRANSFERRING ELECTION RESULTS BILL IN THE NIGERIAN ELECTORAL ACT AMENDMENT
Nigeria

ELECTRONIC MEANS OF TRANSFERRING ELECTION RESULTS BILL IN THE NIGERIAN ELECTORAL ACT AMENDMENT

July 29, 2021 - Updated on January 14, 2023
Bitcoins - MY WOVEN WORDS
Economics

Digital Currency (Bitcoins) And The Future Of Naira

January 7, 2021 - Updated on February 3, 2023
BOLA AHMED ADEKUNLE TINUBU: THE FALL OF AN EMPEROR AT LEKKI TOLL GATE
Nigeria

BOLA AHMED ADEKUNLE TINUBU: THE FALL OF AN EMPEROR AT LEKKI TOLL GATE

October 23, 2020
THE ECONOMICS BEHIND BIG BROTHER NIGERIA
Economics

THE ECONOMICS BEHIND BIG BROTHER NIGERIA – BY OLADELE ABIGAIL

October 6, 2020
NAIJA @ 60 THE JOURNEY SO FAR WRITTEN BY DANIEL OBI
Nigeria

NAIJA @ 60: THE JOURNEY SO FAR – WRITTEN BY DANIEL OBI

October 6, 2020 - Updated on January 14, 2023
60 MALARIA IN NIGERIA WRITTEN BY OLUWATOBI OLADIPUPO
Guidelines

60: MALARIA IN NIGERIA – WRITTEN BY OLUWATOBI OLADIPUPO

October 6, 2020 - Updated on January 14, 2023
Load More

Comments 3

  1. Abigail says:
    4 years ago

    Thank you..

    Loading...
    Reply
  2. Damilare says:
    4 years ago

    Well done Pelumi…

    Loading...
    Reply
  3. Dare says:
    4 years ago

    Nice one.
    Thanks for the update!

    Loading...
    Reply

COMMENT; JOIN THIS CONVERSATION! Cancel reply

Donate

Recent Posts

  • How to Prepare Amora a Typical Tarok Food (Amwam)
  • A Recipe for Masa (Rice Cake)
  • A Recipe For Plateau Food Gote (Gwote) or Acha
  • Langtang: Home of Fearless Tarok Militias and Generals
  • The Tarok People of Langtang, Plateau State, Nigeria
  • Biography of Late Brig-General John Nanzip Shagaya (rtd)
  • Biography of Sir Joseph Ntung Ari, DG of ITF
  • The Biography of General Domkat Yah Bali, The Late Ponzhi Tarok
  • Download Mwaghavul Mu Yaghal Audio Music By Ezra Jinang
  • Download Likitan Likitoci Audio Music by Ezra Jinang
  • Download Plateau Mulkin Sama Audio Music by Ezra Jinang
  • Download Rawan Plateau Audio Music by Ezra Jinang
  • Download One Plateau Audio Music by Ezra Jinang
  • Download Sweet Plateau Audio Music by Ezra Jinang
  • The Biography of Sunday Garba Biggs
  • The Biography of Barrister Caleb Manasseh Mutfwang

Donate

Advertise
advertise with us Woven

Subscribe to Woven TV

KINDLY SUBSCRIBE TO OUR MAILING LIST!

STAY WOVEN!!!

Get our latest updates and exclusive contents on a platter of gold!

We only write what is right

ABOUT US

My Woven Words is an online platform with the sole purpose of promoting and providing quality lifestyle content on a platter of gold. Founded in 2016, today, it is one of the most visited blogs in Nigeria as a great repository of awesome and propelling write-ups.

As of July 2021, My Woven Words Boast of more than 1,500 lifestyle blog posts/articles which makes it a world-class platform where everyone access loads of Historical/cultural content | Poems | Short stories | Contents on Health and Personal Hygiene | Old/Rare Music Download | Isese Music Download | African Folktales | Motivation | Food Recipes | Biographies | Interviews | Relationship Tips, and much more exquisite, best write-up ever. All the contents are verified, detailed, and well-written.

 

Email Us: [email protected]

Call Us: +2349078111978

COPYRIGHT

Copyright © 2021 by My Woven Words: No part of this published blog post and all of its contents may be reproduced, on another platform or webpage without a prior permission from My Woven Words except in the case of brief quotations cited to reference the source of the blogpost and all its content and certain other uses permitted by copyright law. For permission requests, contact the admin on [email protected], or Call him on +2349078111978

 

© 2016 - 2023 My Woven Words - We Only Write What Is Right | Developed by Morrebs ICT

No Result
View All Result
  • Home
  • Favourite
    • Culture
    • History
    • Mythology
    • Folktale
    • Biography
    • Featured
      • Face of the Week
      • Brand of the Week
      • Interview
  • How To
    • Recipe
    • Relationship
    • Fashion
    • Health
    • Food
    • Motivational
    • Inspirational
    • Entrepreneurship
    • Business
    • Technology
  • Entertainment
    • Laugh Out Loud
    • Music
    • Article
    • Interview
    • Album Review
    • Omo Baba Ogunleye
    • Short Story
    • Poetry
  • Self Development
    • Motivational
    • Inspirational
    • Business
    • Entrepreneurship
    • Recipe
    • Interview
    • Biography
    • Relationship
    • Health
  • Literature
    • Competition Entry
    • Article
    • Poetry
    • Short Story
  • Columns
    • Poet Arin
    • Emmanuel Ikoromasoma
    • Omo Baba Ogunleye
    • Communicate Your Transformation
    • Superlight’s Guidelines
    • Janna Onyemaobi
    • De Jakins

© 2016 - 2023 My Woven Words - We Only Write What Is Right | Developed by Morrebs ICT

Sorry, cannot copy or rightclick.

 

Loading Comments...
 

    %d bloggers like this: