| Commodities |    1043 VIEWS  |
| Commodities | |
| 1043 VIEWS | |
 |
Wednesday, September 9, 2020 / 11:49 AM
/ Kainosedge Consulting for AFEX Commodities Exchange / Header Image Credit: AFEX Commodities Exchange
The AFEX Commodities Index composite experienced no change in the week
under review, as it closed at 249.47points. This is as a result of the scarcity
of commodities in the market as the incoming harvest draws closer. Cocoa
declined by 1.53% while Sorghum and Ginger remained unchanged for the week as
against the previous week.
Truck
Drivers are optimistic that the increase in the pump price of PMS would not affect the price
of diesel in the market, since most trucks consume diesel instead of PMS, thus
expecting a good movement of commodities come harvest
On
the Exchange, Maize, Soybean and Paddy Rice retained their prices as that of
the previous week, closing the trading week at N179,666/MT, N146,579/MT and N215,000/MT for Maize,
Soybean and Paddy Rice respectively.
Sorghum and Ginger however maintained their price levels in the week under review, while Cocoa dropped by 1.53%.
In
the Open Market, Cocoa maintained its price. Paddy rice and Ginger dropped by
15.32% and 13.88% respectively while there was an uptick in the prices of
Maize, Sorghum and Soybean.
The
aggregate volume of trades executed on the Exchange in the week under review
totaled 10.18MT with Paddy Rice and Cocoa accounting for 34.38% and 65.62% of
all the traded volume respectively.
1.
Rice Prices To
Spike In Coming Months As Floods Wash Away 25% Of Nigeria's Rice Harvest
2.
Sugar Prices To
Remain At Current Levels On Low Demand For Cane Based Ethanol
3.
ACI Experienced
a Negative Performance - AFEX Commodities Weekly Report 270820
4.
The 2020 Gold
Rush and Africa
5.
Reduced Cocoa
Supply From Export Countries To Keep Prices Up
6.
Zenith Bank GMD
Calls for Concerted Efforts to Expand Non-Oil Exports
7.
Food Prices
Still Up Despite Harvest Season
8.
FG Targets 22
Non-oil Commodities for Export Promotion
9.
ACI Experiences
Negative Performance - AFEX Commodities Weekly Report 200820
10. Gold Rebound
Shaky as Silver Continues to Outshine the Yellow Metal
11.
ACI Experiences
Negative Performance - AFEX Commodities Weekly Report 130820
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