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PROSHARE |
Tuesday, July 21, 2020 / 11:45 AM
/ Kainosedge Consulting for AFEX Commodities Exchange / Header Image Credit: AFEX Commodities Exchange
The AFEX Commodities Index composite experienced a marginal decline in
market activity, averaging 244.05 points in the week under review. The index
performance declined by 3.24% w-on-w primarily due to the negative market
performance of the Soybean sub-index of the exchange against previous weeks
performance.
On the Exchange, soybean fell by 10.11% to close the trading week at N139,267/MT.
Maize
and paddy rice appreciated slightly by 0.26% and 2.50% to close the trading
week at N160,000/MT and N179,370/MT.
In
the open market, maize, soybean and paddy rice ticked up slightly while the
other commodities remained unchanged in the week under review.
The
aggregate volume of trades executed on the Exchange in the week under review
totaled 950.71MT with maize(605.2MT), soybean(272. 10MT) accounting for more
than 92% of the total traded volume.
1.
Bumper
Wheat Harvest To Keep Prices Low
2.
ACI
Experiences Massive Gains - AFEX Commodities Weekly Report 020720
3.
ACI Experiences
Slight Gains - AFEX Commodities Weekly Report 250620
4.
Ample US and
Australian Supply To Keep Wheat Prices Low
5.
Higher US Grain
Output To Keep Prices Low
6.
Favourable
Weather Conditions to Depress Wheat Prices
7.
ACI Experiences
an Uptick - AFEX Commodities Weekly Report 040620
8.
Increased Global Output Of Grains Are Expected To Keep
Prices Depressed
9.
ACI Witnesses a Downtick - AFEX Commodities Weekly Report
280520
10.
Increase of
Market Activities Anticipated in the Coming Week
11.
Coronavirus and
Commodity Markets: Lessons from History
12.
Increased Demand
From China To Support Grain Prices