AFEX Commodities Index continues 8-week bullish trend, records 3.19% increase

The AFEX Commodities Index (ACI) continued its 8-week bullish trend, as it increased by 3.19%, closing the reporting week at 401.36 index points. This is attributable to the increase (W-o-W) in prices of maize, soybean and paddy rice.

The AFEX Export Index (AEI) closed the reporting week increasing marginally by 0.19% and closing at 159.89 index points as against the previous week. This is as a result of the uptick in ginger prices on the exchange while cocoa prices remain flat