Export Crops Maintaining Gains in Price - AFEX Commodities Weekly Report 140220


Friday, February 14, 2020 / 08:00PM  /  Kainosedge Consulting for AFEX Commodities Exchange / Header Image Credit: Pambazuka News


The AFEX Commodities Index composite averaged 162.58 points this week representing a decline in overall market performance of 5.02 percentage points, week-to-date (WtD).


Sorghum price has remained neutral in the past few weeks at N70,617.00 per tonnes. Cocoa and Ginger gained in price closing the week at N909,333.00 and N478,547.78,


Maximum price for Maize and Soy were both discovered in Bali Market, Taraba State; while Sorghum was recorded in Makarfi Market, Kaduna State. Maximum and Minimum price for Paddy rice was recorded in Kura Market, Kano State.


Proshare Nigeria Pvt. Ltd.



Cocoa and ginger gained in price closing the week at ₦909,333.00 and ₦478,547.78 accordingly.  This is as a result of sustained demand for the commodities in the international market.


Maize led the pack with a positive performance rising  at 0.39% Week-to-date. Paddy rice and Sorghum on the other hand remained neutral maintaining it's price at ₦131,666.00 and ₦70,617.00 respectively.


The open market saw maize, soybeans and paddy rice decline in price, while sorghum, ginger and cocoa remained neutral. 


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

Related News

1.      Increase In Demand For Cocoa In Southeast Asia To Drive Prices Higher

2.     Diversification From Oil Will Be Enhanced By Investment Flows

3.     All Commodity Group Index Grew By 2.48% in Q3 2019

4.     Jump In Diesel Price Likely To Have Direct Impact On Domestic Commodity Prices

5.     New VAT Rate: Knock On Effect On Consumer Prices Likely To Drive Up Inflation

6.     Global Economic Slowdown Pressured Commodity Performance in 2019

7.     Ivory Coast and Ghana Join Forces to Form a Cocoa Cartel To Control Output and Price

8.     All Major Commodity Price Indexes Fell In Q3 2019 Led By Energy

9.     Uncertainty About Iran To Put Pressure On Grain Prices In Near Term

10.  Uncertainty On US-China Trade Deal To Drive Grain Prices In The Near Terms

11.   AFEX Commodities Exchange Secures Investment from Consonance Investment Managers

12.  Lower Exports From India To Drive Sugar Prices Up

13.  Domestic Price of Turkey Increased By 38% to N1,800 per kg

14.  Demand For Cobalt Set To Increase Exponentially In Next Decade

15.  Cocoa Price At An 18-Month High; Jumped By 12% YTD to $2,640

16.  Lower Sugar Production In South Africa To Increase Prices

17.  Ginger Outlook for 2019 and 2020 Season

18.  Limestone Total Global Output Put At 420m Tonnes

19.  AFEX Cocoa Outlook for 2019 and 2020 Season

20. Paddy Rice Markets in 2019: A Primer on AFEX's Outlook


 Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd. 

Related News