ACI Surges By 5.06% - AFEX Commodities Weekly Report 060320

Tuesday, March 17, 2020 / 05:15 PM /  Kainosedge Consulting for AFEX Commodities Exchange

The AFEX Commodities Index closed at 151.75points this week, indicating an increase of 5.06% in the overall Market Performance.

The maize sub-index experienced an uptick of 9.88% reversing its downward trend witnessed in previous weeks while Paddy rice and Soyabeans' price remained the same.

Ginger Price fell by 0.08% closing at N492,212.91 per metric Tonne while Cocoa remained stable in the review week.

Maximum price for Maize, Sorghum were discovered in Dawanau Market, Kano State; while the maximum price of Soy was found in Potiskum Grains market, Yobe State. Minimum price for Maize and Soy were discovered in Anchau and Pambegua Market, Kaduna State respectively while for Sorghum was recorded in Potiskum Grains Market, Yobe State, Maximum and minimum price for paddy rice was recorded in Wannune Market; Benue state and Garbachede Market; Taraba State respectively.

In the open market, Maize, Soybeans and Paddy rice declined in price while Sorghum, Ginger, and Cocoa maintained their previous price levels.

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