With an annual output of 2.4milion tonnes, Nigeria is the largest producer of tomatoes in Sub Saharan Africa, and the 13th in the world. Notwithstanding, the industry faces challenges with distribution, storage and disease.
At $68pb, Bonny light is now at a 3-year high. This has helped push up the external reserves to $40.4bn.
The attached slides contain an update of the recent movements in the commodities market, and a short analysis of the domestic tomato sector.
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