Grains Dip Further Amid Early Harvest- AFEX Commodities Weekly Report 181021

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Monday, October 18, 2021 / 05:45 PM / Kainosedge Consulting for AFEX Commodities Exchange


The Exchange witnessed low activities last week. In the open market, Soybean was down by 11% w-o-w followed by Paddy rice and Ginger with a respective share of 4.52 and 4.58 following early harvest for commodities.

 

In the international market, there was a recorded decline in the prices of Maize and Soybean by 2.80 and 2.96 w-o-w respectively. Farmers are optimistic compared to last year and are positioned to take advantage of the high price of commodities, given the high demand for Nigeria Cocoa, prices will be pressured upward.

 

The AEI and ACI remain flat to reset upon 2021/2022 trading season.


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

 

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