AFEX Commodities Weekly Report: ACI experiences slight gains

The AFEX Commodities Index composite experienced a slight uptick to close at 203.17 points in the week under review. The index performance appreciated by 0.34% W-on-W due to the positive market performance of the Soybean sub-index as against previous week performance in the week under review.

Soybean ticked up by 1.12% to close the trading week at ₦131,000/MT while maize maintained its price level in the week under review.

Paddy Rice fell by 0.86% to close the trading week at ₦176,913/MT, and ginger experienced a massive gain of 63.39% to close the trading week at ₦779,567/MT.

In the open market, maize, sorghum, soybean and paddy rice experienced significant upticks in price in the week under review.