All commodity Terms of Trade falls 51% in 3 months — NBS

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All commodity Terms of Trade falls 51% in 3 months — NBS

NBS

National Bureau of Statistics NBS
By Elizabeth Adegbesan

The National Bureau of Statistics, NBS, said the All commodity Terms of Trade Index fell by 0.51 percent from January to March, 2021.
In its latest Commodity Price Indices and Terms of Trade,first quarter of 2021, (Q1’21) NBS stated the all commodity group import index increased by 0.82 percent between January and March, 2021.

Similarly,the all commodity group export index rose by 0.31 percent between January and March, 2021.

NBS stated:” The All commodity Terms of Trade Index for January, February and March 2021 stood at 101.64, 101.81 and 101.12 respectively.

“The All commodity group terms of trade increased by 0.17 percent in February but fell by 0.67 percent in March resulting in an average decline of 0.51 percent between January and March 2021.

“The decline was driven by decreases in the prices of Mineral products (-1.21 percent), base metals (-0.65 percent), and Boilers, machinery and chemical appliance (-0.46 percent) but was offset by increases…



Source: Vanguard Newspaper