AFEX Commodities Index (ACI) Take A Bearish Turn

In the review week, AFEX Commodities Index (ACI) took a bearish turn as it reduced by 6.93% closing the week at 151.75points indicating a decline in the overall performance of commodities covered by the Index. Maize Sub-index experienced the greatest contraction falling by 8.86% WtD. 

The open market has seen a positive price performance last week as Paddy rice led the pack rising 5.41% WtD. Soybeans on the flipside didn’t do pretty well as It fell by 0.32%