The AFEX Commodities Index inched higher by 6.05% at the close of trading last week to settle at a season-high of 186.65 points. The rally in the ACI came on the back of increased processor demand in the maize and paddy rice markets.

The AFEX Commodities Index composite closed 162.2 points with a 0.00% change from the previous week. The index performance remained stable across all commodities covered by the index in the week under review.

The AFEX Commodities Index composite closed at 161.65 points maintaining its price point for the last three weeks as activities have slowed down on the Exchange due to the lockdown directives by the Government.

Prices on the Exchange witnessed a lull as the AFEX Commodities Index (ACI) dropped by -0.39% over the period. The commodities covered by the Index remained neutral in the month under review. This was influenced partly by the lockdown measures, which were put in place by the Government to combat the COVID-19 pandemic near the end of March.

As the incidence of Covid-19 continues to climb commanding the focus of the world, a key fundamental remains essential to keep in sight in our daily tallying of the effects of the pandemic on individuals, households and the economy, which is the question of whether Nigeria can feed itself in the short to long term.

The AFEX Commodities Index composite closed at 161.65 points this week, maintaining its Price point from previous week.

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.’