Maize on the Rise as Demand Surge - AFEX Commodities Weekly Report 171221

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Tuesday, December 21, 2021 / 4:45 PM / Kainosedge Consulting for AFEX Commodities Exchange/ Header Image Credit: AFEX


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On the Exchange, we witnessed a 6.41% increase in the price of maize and a marginal increase in paddy rice by 0.29% respectively. Other commodities remained muted despite transactions on the Exchange. 

We saw a similar movement in the price of maize in the open market after a 4.36% increase w-o-w to maintain a 6-week upward performance on the back of higher demand.

In contrast, the international price of maize plummeted because the demand for maize in China declined. W-o-W, the ACI surged by 14.39% while the AEI dipped 0.98% respectively.


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