Mixed Performances Across Commodities - AFEX Commodities Weekly Report 011121

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Monday, November 01, 2021 / 1:45 PM / Kainosedge Consulting for AFEX Commodities Exchange


Last week, prices of grain commodities, excluding soybeans, rose shapely amid strong demand to maintain a 3-week bullish run. Ginger, however, dipped for the third consecutive week due to lower demand for the commodity.


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We experienced low transactions on the Exchange across most commodities. However, we anticipate more volumes this month, especially for soybean and maize.

 

The ACI and AEI have maintained a flat performance of 427.34 and 168.04 index points. On the international front, Russia, the world's largest wheat exporter, cut its forecast for the 2021 grain crop reversing its optimistic stance in prior months.


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