Monday, August 10, 2020 / 06:50 PM
/ Kainosedge Consulting for AFEX Commodities Exchange / Header Image Credit: AFEX Commodities Exchange
The AFEX Commodities Index composite experienced an uptick in market activity to close at 264.06 points in the week under review. The index performance gained 5.18% W-o-W primarily due to the positive market performance in the maize and paddy rice sub-indices of the Exchange against the previous week performance.
On the Exchange, maize and paddy rice ticked up by 8.01% and 6.69% to close the trading week at &172,670/MT and $8202,620/MT.
Soybean, ginger, and cocoa however maintained their price levels in the week under review.
In the Open Market, maize and paddy rice ticked up slightly while all other commodities experienced a downtick.
The aggregate volume of trades executed on the Exchange in the week under review totaled 44.17MT with maize and paddy rice accounting for all of the traded volume.