COVID-19 Induced Lull Continues - AFEX Commodities Weekly Report 090420

Proshare

Tuesday, April 14, 2020 / 2:50 PM  / Kainosedge Consulting for AFEX Commodities Exchange

 

The AFEX Commodities Index closed flat at the end of trading, settling at 161.67 points. This represents an extension in the lull induced by the outbreak of COVID-19 in the country which had an effect across all commodities traded on the Exchange.

Proshare Nigeria Pvt. Ltd.

Taking a look at the commodities traded on the exchange, export crops; Cocoa and Ginger remain the best-performing commodities on the exchange with Season Till Date (StD) performance of 11.21% and 16.18% respectively.

The lull witnessed in the activities on the exchange remains as companies; FMCG, continue to evaluate the fluid nature of the current market and We expect that the paddy rice harvests slated for Late April - May will trigger a resumption in trading activities.


Proshare Nigeria Pvt. Ltd.

 

Maximum and Minimum price for Paddy rice was recorded in Talata Market; Zamfara State and Wannune Market, Benue State

 

Maximum price for Cocoa was recorded in Ondo State while minimum price was recorded in Edo State.


Proshare Nigeria Pvt. Ltd.

 

The open market prices also reflect a pull back from the price rally witnessed last week as household abides with the lockdown directives of the governments across the country.


Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.



Related News 

1.    Markets Witness COVID-19 Induced Lull - AFEX Commodities Weekly Report 020420

2.    ACI Experiences An Uptick - AFEX Commodities Weekly Report 260320

3.    ACI Surges By 5.06% - AFEX Commodities Weekly Report 060320

4.     Cocoa Prices Gained; Driven By Shortage in Supply

5.    Grain Prices Are Expected to Remain Low as Chinese Demand Slow

6.    Open Market Prices Take a bullish Turn - AFEX Commodities Weekly Report 210220

7.    Brent Likely to Trade Around $59-$61pb in the Coming Days

8.    Falling Demand for Wheat and Corn to Taper Prices in the Coming Days

9.    Commodities Markets Take Bearish Turn As Traders Contemplate Coronavirus

10. Export Crops Maintaining Gains in Price - AFEX Commodities Weekly Report 140220


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP