Monday, March 30, 2020 / 04:30 PM / Kainosedge Consulting for
AFEX Commodities Exchange
In the review week, the benchmark AFEX Commodities Index (ACI) rallied by 1.80% WtD to close at 161.65 points, indicating an increase in the overall market performance.
Soybean led the pack as it rose by 4.6% due to a resurgence in the volume of demand witnessed on the exchange while Paddy Rice remained neutral.
In the Export crops category, Ginger had a positive performance as it gained in price by 0.70% while Cocoa remained same in the week under review.
Maximum price for Maize, Soybean, and Sorghum were discovered in Dawanau Market; Kano State, while Paddy Rice was in Wannune Market; Benue State
Minimum price for Maize and Soybean were both discovered in Anchau Market, and Pambegua Market; Kaduna State while Sorghum was recorded in Tundun Saibu Market; Kaduna State
Maximum and Minimum price for Paddy Rice was recorded in Kura Market; Kano State and Garbachede Market; Taraba State respectively.
The open market experienced a general decline in the overall market performance this week. Paddy Rice experienced the greatest fall as it declined by 1.15% in the week under review.