Steady Pressure on Grain Price Amid High Demand - AFEX Commodities Weekly Report 140122

Monday, January 17, 2022 / 03:26P M / Kainosedge Consulting for AFEX Commodities Exchange / Header Image Credit: AFEX Commodities Exchange

Last week all grain commodities closed in the green territory, returning gains to investors on the Exchange. Prices are not looking to halt the upward trend soon as demand pressure and hoarding activities of traders prevail.

Sorghum led the performers' chart closing 11.26% on a week-on-week basis. Cashew followed closely with a 10.40% performance during the same period. Cocoa, however, declined 4.69%.

A total of 11,983,230 contracts were closed on the Exchange last week with maize accounting for 77.26%.

Grain prices are expected to continue trends witnessed in the last 3 weeks due to strong demand coupled with the limited volumes available in the open market.

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