World Food Prices Climb - AFEX Commodities Weekly Report 261121

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Monday, December 06, 2021 / 4:28 PM / Kainosedge Consulting for AFEX Commodities Exchange/ Header Image Credit: AFEX 


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The price of Maize on the Exchange last week took a downturn as it fell, closing at 2.79% low thereby underperforming against other commodities.

Prices of grains in the open market continued their upward trend excluding Soybean. Cocoa international price dropped as Major producers Ivory Coast and Cameroun reach harvesting peak.

Maize continued to maintain the lead in the international market, with its price exceeded other commodities on a year-to-date basis with Sorghum and Cocoa taking a dip to their prices on a year-to-date basis. However, in the open market, soybean continued its upward trend since last week.

 

The ACI and AEI were up 1.9% and 2.52% respectively week-on-week at the start of the 2021/2022 trading season.


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