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Commodities | |
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Monday, August 17, 2020 / 3:25 PM
/ Kainosedge Consulting for AFEX Commodities Exchange / Header Image Credit: AFEX Commodities Exchange
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.
The
AFEX Commodities Index composite experienced a rebound in market activity,
averaging 262.97points in the week under review. The index performance fell by
0.41% W-on-W primarily due to the negative market performance in the maize and
paddy sub-indices of the exchange against the previous week performance.
On
the Exchange, maize and paddy rice dropped by 0.10% and 4.85% to close the
trading week at &172,500/MT and $9192,795/MT. Sorghum, Soybean and Ginger however maintained their price levels in the
week under review, while Cocoa dropped by 0.73%
In
the Open Market, Soybean dropped slightly, Cocoa maintained its price while all
other commodities experienced an uptick.
The
aggregate volume of trades executed on the Exchange in the week under review
totaled 138.98MT with maize and paddy rice accounting for all the traded
volume.
1.
Nigeria and The
Cocoa Rally
2.
Islanders Likely
To Pay 20% More for Basket of Tomatoes than Mainlanders
3.
Opportunities to
Trade Precious Metals in Africa for Beginners
4.
Price of Flour
(50kg) Went Up By 52.9% to N13,000
5.
ACI Reaches
Season High - AFEX Commodities Weekly Report 060820
6.
Agriculture for
Food and Jobs; AFEX for Food Security
7.
Gold Price Hits
New Record High: Investors New Safety Destination
8.
Nigeria's Cocoa
Output To Be Tapered By The Spread Of The Fungal Black Pod Disease
9.
ACI Experiences
Positive Performance - AFEX Commodities Weekly Report 300720
10.
AFEX, Other
Agriculture Sector Stakeholders to Operationalize Government's AFJP Program
11.
Domestic
Commodity Prices In Lagos Up On Bridge Closure And Eid Kabir Festival
12.
ACI Experiences
Positive Performance - AFEX Commodities Weekly Report 230720
13.
The Big Rip-Off:
Sura Traders Take Customers To The Cleaners - FDC