Ginger Prices Surge Higher - AFEX Commodities Weekly Report 210220


Tuesday, March 03, 2020 / 02:20PM /  Kainosedge Consulting for AFEX Commodities Exchange / Header Image Credit: Tridge


The AFEX Commodities Index ticked up by 0.06% to close at 163.05 points reversing the 2-week decline in overall Market Performance.


The maize sub-index had a positive performance, rising 0.20% points WtD while the Paddy sub-index remained neutral in the week under review.


Export crop ginger had an uptick of 2.09% to close at N429,130 indicating a second week of consecutive gains in the price of the commodity while the price of cocoa remains unchanged.


In the open market, Maize, Sorghum, Soybean and Paddy rice gained in price while Ginger and Cocoa price remained stable in the review week.


Maximum price for Maize and Soy were discovered in Dawanau Market, Kano State; while the maximum price of sorghum was found in Anchau market, Kaduna State. Minimum price for Maize and Soy were discovered in Anchau and Pambegua Market, Kaduna State respectively while for Sorghum was recorded in Dawanau Market, Kano State.


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The open market also witnessed a positive price performance this last week as Sorghum led the pack rising 6.47% Week-to-Date to close at N82,280. Soybean and Maize also gained in price closing at an average price of N135,340 and â‚¦100,870 respectively. 


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