Prolong Early Harvest Induced Price Decline in Grains - AFEX Commodities Weekly Report 111021


Monday, October 11, 2021 / 12:30 PM / Kainosedge Consulting for AFEX Commodities Exchange

Last week ended with grain prices declining further for the fourth consecutive week in the open market. The Exchange witnessed low activities during the period with trades executed only on Cocoa, Cashew, and Soybean respectively.


Prices on the Exchange remained unchanged except for Cocoa and Cashew which appreciated by 3% and 2% respectively. Soybean, however, slumped 9.27%.


Ahead of harvest, farmers anticipate higher volumes in a bid to take advantage of higher prices year on year.

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