AFEX NEWS
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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Education Knowledge     November 04, 2020
AFEX Commodities Exchange Limited (AFEX), Nigeria's first private sector commodities exchange firm, joined the Securities and Exchange Commission (SEC) to Ring the Bell for Financial Literacy at an event held at the Exchange office on the 3rd of November 2020.
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Commodities     November 02, 2020
The AFEX Commodities Index increased marginally by 0.77% closing the week at 271.02 basis points. This increase was because of the increase in the Soybean sub-index outweighing the decrease in the Maize and Paddy Rice sub-index.
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Commodities     October 26, 2020
The AFEX Commodities Index gained marginally by 1.33% for the week under review closing at 271.02 basis points for the week under review. Maize and paddy rice remained the same while soybean picked up by 4.41% for the week under review, closing prices at N179.67/kg, N147.50/kg and N225.00/kg for maize, soybean and paddy rice, respectively.
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Commodities     October 19, 2020
Local market activity increased the most for soybeans in September while paddy rice experienced its highest price decline in the past 12-months resulting in a double-digit percentage price decline. This was complemented by declining volatility on the Exchange and international markets indicating increasing commodity price stability in the post(CCOVID period.
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Commodities     October 02, 2020
The AFEX Commodities Index composite retained its performance as that of the previous week, closing at 271.02 points since there was no change in the sub-indices; Maize, soybeans and paddy rice
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Agriculture     September 28, 2020
Last year we had the first ever AFEX harvest party intended to mark AFEX's 5th year anniversary while emphasizing the amazing contributions of our partner farmers, who have been an integral part of our work since we first began.
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Commodities     September 23, 2020
The AFEX Commodities Index composite increased marginally by 0.48% as against previous week's performance, closing at 271.02 point. The increase was a result of an uptick in the price of Soybean, which increased by 1.54% as against the previous week's performance.
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Commodities     September 14, 2020
The AFEX Commodities Index composite retained its performance this week from the previous week, as it closed at 249.47 points. This is as a result of reduced trades on the Exchange.
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Commodities     September 09, 2020
The AFEX Commodities Index composite experienced no change in the week under review, as it closed at 249.47points. This is as a result of the scarcity of commodities in the market as the incoming harvest draws closer. Cocoa declined by 1.53% while Sorghum and Ginger remained unchanged for the week as against the previous week.
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Commodities     August 31, 2020
The AFEX Commodities Index composite experiences a slight decline by 2.89% for the week under review, this was a result of a negative performance of all the sub-indices during the week as compared to the previous week
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Commodities     August 24, 2020
The AFEX Commodities Composite experienced a decline, closing at 250.08 points in the week under review. This indicates a second consecutive week of decline in the index for the month of August. The Index dropped by 4.90% as a result of a negative market performance of maize and soybean sub-indices as against previous week performance in the week under review.
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Commodities     August 17, 2020
The AFEX Commodities Index Composite dropped slightly indicating the third week of marginal price movement. With anticipation of the new harvest season, the frequency of trade on the Exchange dropped, as farmers are out of stock and warehouses are clearing up storage space in preparation for the new harvest season. Low trade volume often signal the waiting period between commodity cultivation and harvest.
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Commodities     August 10, 2020
The AFEX Commodities Index composite experienced an uptick in market activity to close at 264.06 points in the week under review. The index performance gained 5.18% W-o-W primarily due to the positive market performance in the maize and paddy rice sub-indices of the Exchange against the previous week performance.
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Commodities     August 04, 2020
The AFEX Commodities Index composite experienced a reversal of last weeks' contraction in market activity, averaging 251.06 points in the week under review. The index performance gained by 0.67% w-on-w primarily due to the positive market performance in the maize sub-index of the exchange against the previous week performance.
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Commodities     July 30, 2020
The Federal Government has launched the Agriculture for Food and Jobs Plan (AFJP) at an event attended by various stakeholders on the 23rd of July 2020 in Funtua, Katsina State.
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Commodities     July 28, 2020
The AFEX Commodities Index composite experienced a marginal uptick in market activity, averaging 249.40 points in the week under review. The index performance appreciated by 2.19% W-on-W primarily due to the positive market performance in the soybean and paddy rice sub-index of the Exchange against previous weeks' performance.
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Commodities     July 21, 2020
The AFEX Commodities Index composite experienced a marginal decline in market activity, averaging 244.05 points in the week under review. The index performance declined by 3.24% w-on-w primarily due to the negative market performance of the Soybean sub-index of the exchange against previous weeks performance.
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