ACI Experiences An Uptick - AFEX Commodities Weekly Report 260320

Monday, March 30, 2020 / 04:30 PM  /  Kainosedge Consulting for AFEX Commodities Exchange

In the review week, the benchmark AFEX Commodities Index (ACI) rallied by 1.80% WtD to close at 161.65 points, indicating an increase in the overall market performance.

Soybean led the pack as it rose by 4.6% due to a resurgence in the volume of demand witnessed on the exchange while Paddy Rice remained neutral.

In the Export crops category, Ginger had a positive performance as it gained in price by 0.70% while Cocoa remained same in the week under review.

Maximum price for Maize, Soybean, and Sorghum were discovered in Dawanau Market; Kano State, while Paddy Rice was in Wannune Market; Benue State

Minimum price for Maize and Soybean were both discovered in Anchau Market, and Pambegua Market; Kaduna State while Sorghum was recorded in Tundun Saibu Market; Kaduna State

Maximum and Minimum price for Paddy Rice was recorded in Kura Market; Kano State and Garbachede Market; Taraba State respectively.

The open market experienced a general decline in the overall market performance this week. Paddy Rice experienced the greatest fall as it declined by 1.15% in the week under review.

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