AFEX Commodities Exchange and the domestic market experienced marked price volatility for Maize, Soybeans and Paddy rice in February. On the exchange, month-average executed prices were lower than the Market Survey Prices for Maize, Soybeans, and Paddy rice by 5.8%, 7.7%, and 3.5% respectively.

The AFEX Commodities Index closed at 151.75points this week, indicating an increase of 5.06% in the overall Market Performance. The maize sub-index experienced an uptick of 9.88% reversing its downward trend witnessed in previous weeks while Paddy rice and Soyabeans' price remained the same.

The AFEX Commodities Index ticked up by 0.06% to close at 163.05 points reversing the 2-week decline in overall Market Performance.

The AFEX Commodities Index composite averaged 162.58 points this week representing a decline in overall market performance of 5.02 percentage points, week-to-date (WtD).

The AFEX Commodities Index composite closed at 171.16points this week representing a down-tick in the overall market performance. The percentage point dropped by 2.86 week-to-date (WtD).

The AFEX Commodities Index ticked upwards by 1.59% at the end of the week as soybeans propped up the index to close at 174.39 points.

Globally, commodity prices have witnessed wide fluctuation as the combined effects of trade wars, geopolitical tensions and the global economic slowdown pressured commodity performance in 2019. Specifically, the US-China trade war and the global economic slowdown induced risk of off sentiments on the commodities markets as investors and producers grappled with tariffs and reduced access to key export markets.

AFEX Commodities Exchange Limited (AFEX), a market leading commodity exchange in Nigeria, today announced it has secured an investment for an undisclosed amount from Consonance Investment Managers, a Sub-Saharan Africa focused early-stage and growth investment firm.

Insights on the commodity markets in Nigeria are critical as we enter into the 2019/2020 season. All key crops traded on AFEX Commodities Exchange are being considered in view of the demand and supply dynamics as well as a look into possible proactive measures that investors can take.

Insights on the commodity markets in Nigeria are critical as we enter into the 2019/2020 season. All key crops traded on AFEX Commodities Exchange are being considered in view of the demand and supply dynamics as well as a look into possible proactive measures that investors can take. Read below for the AFEX Cocoa outlook for the 2019/2020 season in Nigeria.

Agricultural commodity prices are by their very nature seasonal, that is, they fall to their lowest around harvest and rise consistently as the lean season progresses.

In 2018, a growing number of Exchange clients believed in the vision of AFEX and invested in agricultural products through our platform. From purchasing and storing tons of maize to making investments in soybean

In the past week, AFEX Commodities Exchange Limited (AFEX) started up conversations about the potential of cocoa as the future for export markets in Nigeria juxtaposing the insights on the opportunities to be harnessed in the cocoa value chain against the grim realities of a crude-oil dependent future.

In its lineup of necessary issues to be discussed around agriculture and food security for the 2019 Agribusiness and Food Security Summit held on the 18th of July 2019 in Lagos, Nigeria, BusinessDay hosted a panel session on ‘Risk Management Approaches and Solutions in Agricultural Finance and Trading.’

The first image that usually comes to mind when you think of an exchange is a group of brokers standing in a large circle in their suits and shouting commands at each other. If you have ever visited an exchange or seen “The Wolf of Wall Street”, you have probably wondered what all the fuss was about.

AFEX Commodities Exchange Limited, Nigeria’s first private sector commodities exchange firm, is today introducing the first ever learning platform for Nigeria’s commodities market. The Exchange has named this initiative EdEX and kicked off activities under the new initiative with a training for journalists and media personnel tagged Trading Stories.

Increased access to finance for smallholder farmers in Nigeria will drive productivity in crop production and the Agric sector in general across the country.

In 2017, africanfertilizer.org released a report showing a rise in the percentage of Nigerian farmers uptaking fertilizers. With a rise of 63% from the 959,364 metric tons of fertilizer accessed in 2016, Nigerian farmers were now recorded to have accessed 1,564,816 metric tons.

A total of 7,183 MT of commodities ranging from maize, paddy rice and sorghum valued at N773.1m was traded at the AFEX exchange in Q1, 2019.

AFEX - Nigeria’s first private commodities exchange firm and leading player in the Sub-Saharan African Commodities value-chain in partnership with Proshare - Nigeria’s leading financial information hub, is set to hold an interactive twitter chat on April 17th, 2019.