| Commodities |    942 VIEWS  |
| Commodities | |
| 942 VIEWS | |
 |
Monday, August 31, 2020 / 4:25 PM
/ Kainosedge Consulting for AFEX Commodities Exchange / Header Image Credit: AFEX Commodities Exchange
The AFEX Commodities Index composite experiences a slight decline by
2.89% for the week under review, this was a result of a negative performance of
all the sub-indices during the week as compared to the previous week; Soybean
declined by 6.66%, Maize by 1.09% and Paddy Rice by 0.01% on a W-o-W basis.
Cocoa dropped by 1.47% while Sorghum and Ginger remained unchanged for the week
as against the previous week closing the trading week at N157,670/MT, N137,670/MT and N199,100/MT for Maize,
Soybean and Paddy Rice respectively.
Warehouse
Managers are optimistic about the incoming harvest at the end of September as
the rainfall this year was adequate for crop growth and farmers received inputs
on time; this implies an expected increase in the volume of transactions come
September.
In
the Open Market, Cocoa maintained its price while all other commodities
experienced an uptick.
The
aggregate volume of trades executed on the Exchange in the week under review
totaled 24.07MT with Soybean, Ginger and Cocoa accounting for 31.7%, 51.60% and
16.70% of all the traded volume respectively.
1.
The 2020 Gold
Rush and Africa
2.
Reduced Cocoa
Supply From Export Countries To Keep Prices Up
3.
Zenith Bank GMD
Calls for Concerted Efforts to Expand Non-Oil Exports
4.
Food Prices
Still Up Despite Harvest Season
5.
FG Targets 22
Non-oil Commodities for Export Promotion
6.
ACI Experiences
Negative Performance - AFEX Commodities Weekly Report 200820
7.
Gold Rebound
Shaky as Silver Continues to Outshine the Yellow Metal
8.
ACI Experiences
Negative Performance - AFEX Commodities Weekly Report 130820
9.
Scarcity of Key
Commodities In Nigeria Causes Price Surge - AFEX Commodities Monthly Report
10. Nigeria and The
Cocoa Rally
11.
Islanders Likely
To Pay 20% More for Basket of Tomatoes than Mainlanders
12. Opportunities to
Trade Precious Metals in Africa for Beginners
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