07, 2020 / 11:53 AM / Kainosedge Consulting for AFEX Commodities Exchange / AFEX Commodities Exchange
The AFEX Commodities Index
composite experienced a massive uptick to close at 246.46 points in the week
under review. The index performance appreciated by 21.31% W-on-W due to the
positive market performance of the Maize and Soybean sub-indices against previous
week performance in the week under review.
On the flip side, paddy
rice fell slightly by 1.08% to closing the trading week at N175,000/MT.Maize and soybean appreciated by 37.33% and 2.50% to close
the trading week at N161,167/MT and N134,275/MT respectively.
Export commodities, ginger
and cocoa, also experienced losses of 5.37% and 4.65% to close at N737,667/MT and N873,362/MT in the week under review.
In the open market, maize,
soybean and paddy rice experienced slight price changes while sorghum,
ginger and cocoa maintained their price levels from previous week.
The aggregate volume of
trades executed in the week under review totaled 488.75MT with maize accounting
for more than 75% (367.58MT) of the total traded volume.
ACI Experiences Slight Gains - AFEX Commodities Weekly
Ample US and Australian Supply To Keep Wheat Prices Low
Higher US Grain Output To Keep Prices Low
Weather Conditions to Depress Wheat Prices
5. ACI Experiences an Uptick - AFEX Commodities Weekly Report
Global Output Of Grains Are Expected To Keep Prices Depressed
Witnesses a Downtick - AFEX Commodities Weekly Report 280520
of Market Activities Anticipated in the Coming Week
and Commodity Markets: Lessons from History
Demand From China To Support Grain Prices
Witnesses a Surge - AFEX Commodities Weekly Report 070520
Global Demand Is Expected To Taper Grain Prices
13. COVID-19 Induced Lockdown Triggers Sustained Decline in Commodities
Cut From Australia To Keep Wheat Prices Up
Demand For Corn-Based Ethanol To Keep Corn Prices Depressed
Lockdown Induces Slowdown in Commodities Market - AFEX Commodities Weekly
Experiences Increased Volatility and Decline in Prices - AFEX Monthly Report,