AFEX NEWS
Commodities     April 06, 2021
The AFEX Commodities Index (ACI) decreased marginally by 2.90% (W-o-W} closing the reporting week at 392.23 basis points due to the decline of the prices of Maize and Soybean.
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Commodities     March 30, 2021
The AFEX Commodities Index {ACI} increased marginally by 0.77% (W-o-W) to close at 403.92 basis points. This is attributable to the increase of the prices of soybean. paddy rice and sorghum despite the decline in maize prices for the reporting week.
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Commodities     March 22, 2021
The AFEX Export Index (AEI) increased marginally by 0.66% (W-o-W) to close at 19.95 basis point for the reporting week. This is due to the increase in ginger prices as cocoa remains unchanged as it is out of season.
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Commodities     March 19, 2021
Nigeria's leading private commodities exchange AFEX through its COMX platform hosted a tweet chat in partnership with Proshare Nigeria on the topic "Making Gains With Commodity Trade: Cashew And Input Note Focus".
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Commodities     March 15, 2021
The AFEX Commodities Index (ACI) decreased marginally by 0.63% (W-o-W) to close at 392.58 basis points. This is attributable to the decline in the price of maize and soybean for the reporting week, despite a price surge in paddyrice.
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Commodities     March 15, 2021
ComX, an innovative digital trading platform launched by AFEX, Nigeria's leading player for commodities in Africa, will be hosting an interactive Tweetchat in partnership with Proshare -Nigeria's foremost financial information hub.
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Commodities     March 08, 2021
The AFEX Commodities Index (ACI) increased by 1.07% (W-o-W) to close at 397.43 basis points. This is attributable to the increase in the price soybean and sorghum on the exchange despite the decline in maize and paddy rice prices for the reporting week.
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Commodities     March 03, 2021
In February we announced the successful issuance of a N25 billion asset-backed commercial paper. The commercial paper, which was listed in Q4 2020, was 20% oversubscribed and was the first-ever warehouse receipt backed commercial paper listed on an Exchange in Africa.
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Commodities     March 03, 2021
AFEX commodity exchange has announced the first Warehouse Receipt Backed Commercial Paper in Africa, with tech-enabled operations and a 24-hour fast cash turnaround for borrowers. With over $50 million raised for Agri-SMEs, this bridges the funding gap between lenders and borrowers in the Nigerian agricultural sector with a commodity-backed instrument - for the first time.
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Commodities     March 01, 2021
The AFEX Commodities Index (ACI) ended its 8week bullish trend, closing the reporting week with a 2.03% decline (W-o-W). This is attributable to the decline in the prices of most of the commodities covered by the index particularly; soybean, paddy rice and sorghum.
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Commodities     February 16, 2021
The AFEX Commodities Index (ACI) continued its 7-week bullish trend, as it increased by 3.62%, closing the reporting week at 388.95 basis points. This is attributable to the increase in prices of maize, soybean, paddy rice and sorghum which are constituents of the ACI.
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Commodities     February 08, 2021
In the last one year, returns on investment on the ACI appreciated by 113%, beating Nigeria's inflation rate of 15.75% y/y. Similarly, the index outperformed the AEI which returned 53.37% and the Nigerian All Share Index which returned 57.86% respectively amid the ravaging effect of the COVID-19 pandemic in 2020 which saw the economy dip into a second recession in the last 5 years.
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Commodities     February 02, 2021
December opened the new season with maize and soybean prices plunging in the open market driven by the just concluded harvest period. However, Soybean prices trended upward on the back of increased demand by large buyers (institutional) amid limited supply.
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Commodities     February 01, 2021
The AFEX Commodities Index continued its 6-week consecutive bullish trend, closing the week with a 7.86% increase from the previous week. This is mostly attributable to the uptick of prices of grains on the exchange, as maize, soybean and sorghum were priced higher than they were last week on the exchange.
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Commodities     January 27, 2021
Agriculture commodities despite experiencing a dip in activities did not fall as steeply as other asset classes and witnessed a faster recovery amidst the recession and COVID-19 pandemic. Mr. Ayodeji Balogun, CEO, AFEX Nigeria disclosed this at the presentation of the "AFEX 2021 Commodities Outlook" organized to provide insight on the direction of the commodities market to stakeholders.
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Commodities     January 26, 2021
The AFEX Commodities Index continued its 5 week bullish trend, closing the week with a 1.96% increase from the previous week. This uptick was largely driven by the positive price surge in maize and soybean despite the continuous bearish trend of paddy rice. Maize and soybean continued their uptick in prices as the demand for the commodity significantly outweighed their supply in the country.
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Commodities     January 25, 2021
We began releasing an annual commodity review in 2020 to provide a trusted source of information for participants in the commodities market in Nigeria.
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Commodities     January 19, 2021
The AFEX Commodities Index continues its 4weeks bullish trend, increasing by 4.91% for the reporting week. This increase could mostly be attributable to the increase in the price of maize, soybean and sorghum on the Exchange, Given the nature of grains in the country, prices are expected to continue on a bullish trend as local production is below local demand
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Commodities     January 11, 2021
In Q4 2020, it's hard to keep up with the demand for maize in Nigeria. The price of the grain has seen a steady uptick resulting from a low base of production. Thankfully, commodities market disruptors are seeking better endings for farmers and buyers at large.
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Commodities     November 23, 2020
Local market activity increased the most for soybean in September while paddy rice Slumped the most by 15.94 percent month on month as against trend witnessed in the past 12-months., with market activity of paddy being most pronounced amongst the commodities of focus in the current month.
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