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Tuesday, July 28, 2020 / 10:27 AM
/ Kainosedge Consulting for AFEX Commodities Exchange / Header Image Credit: AFEX Commodities Exchange
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.
On
the Exchange, soybean and paddy
rice appreciated by 7.71% and 5.87% to close the trading week at N150,000/MT and N189,908/MT.
On
the other hand, maize fell by 1.22% to close the trading week at N158,056/MT.
In the open market, maize, paddy rice and ginger ticked up slightly
while soybean depreciated in price. Other commodities, sorghum and cocoa, maintained
their price level.
The aggregate volume of trades executed on the Exchange in the week under review totaled 649.38MT with maize(156.42MT) and soybean(422.79MT) accounting for more than 89% of the total traded volume.
1.
Commodity Prices in Lagos Island Likely to Spike As a
Result of 3rd Mainland Bridge Closure
2. ACI Experiences a Slight Drop in Performance - AFEX
Commodities Weekly Report 160720
3. Remarks by President Muhammadu Buhari at the Gold Bar
Presentation
4. Bumper Wheat Harvest To Keep Prices
Low
5. ACI Experiences Massive Gains - AFEX
Commodities Weekly Report 020720
6.
ACI Experiences Slight Gains - AFEX Commodities Weekly
Report 250620
7. Ample US and Australian Supply To Keep Wheat Prices
Low
8. Higher US Grain Output To Keep Prices Low
9. Favourable Weather Conditions to Depress Wheat Prices
10. ACI Experiences an Uptick - AFEX Commodities Weekly
Report 040620
11. Increased
Global Output Of Grains Are Expected To Keep Prices Depressed
12. ACI Witnesses
a Downtick - AFEX Commodities Weekly Report 280520
13. Increase of Market Activities Anticipated in the
Coming Week
14. Coronavirus and Commodity Markets: Lessons from
History
15. Increased Demand From China To Support Grain Prices