AFEX NEWS
Commodities     August 18, 2021
The partial closure of China's (the largest exporter of ginger and wheat) container port influenced by the rapid spread of the COVID delta variant is expected to reduce supply of the commodities in the international market which can result in a future temporal price increase.
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Commodities     May 18, 2021
The AFEX Commodities Index (ACI) remained unchanged week-on-week. closing at 333.74 points as we saw no price change on commodities listed in the ACI (Maize, Soybean, Paddy Rice and Sorghum).
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Commodities     May 10, 2021
The AFEX Commodities Index (ACI) appreciated sightly by 0.48% (W-o-W) closing the reporting week at 38189 points. The increase in maize price was the major driver of the ACI growth. However, a decline in Soybean price weighed on the performance of the index during the week.
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Commodities     May 06, 2021
AFEX Commodities Exchange has restated its commitment to food security in Nigeria, with a renewed focus on promoting responsible consumption and production, through the prevention of post-harvest loss as well as a reduction in food wastage along the domestic production value chain.
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Commodities     May 05, 2021
Over the last 5 years, AFEX set out to build a platform that addresses major development challenges in Africa's food systems by investing in innovations with the potential for sustainable social impact in rural households and the larger society.
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Commodities     April 20, 2021
The AFEX Commodities Index (ACI) upturned by 2.09% (W-o-W) closing the reporting week at 399.8 points because of the moderate increase in maze price coupled with a sight increase in paddy rice price. Year-to-date returns closed at 26% at the end of the week.
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Commodities     April 14, 2021
The AFEX Commodities Index (ACI) fell further by 0.21% (W-o-W) closing the reporting week at 391.38 basis points because of the slight decline in paddy rice prices while other commodities remained flat.
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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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