Business and Economy

A Bearish Week for grains on the Afex Market

It was a red week for all grain commodities both on the Exchange and in the Open Market. Maize reversed gains while others halted their muted performance as prices dipped week on week.  However, we saw a scarcity-induced surge in Soybean during the period under review. 

The ACI and AEI remained flat as 2020/2021 trading season ends. However, the ACI outperformed the S&P GSCI Agriculture Index season till date as we see the AEI closing up its spread with the later.
Market Price Performance

It was a bullish week for Soybean both on the Exchange and in the open market as players witnessed a scarcity induced spike in price.

Bearish trend witnessed in other grain classes both on the Exchange and in the open market.
It was green for grain commodities in the international market except for Sorghum which was muted.

In the international market, sesame outperformed other commodities captured YtD.

Check out other relevant details on market performance by ac
cessing the report here.

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