Due to ongoing cash constraints and election-related activity, the prices of the majority of grain commodities have fallen for six weeks.
Reviewing the most recent trading week reveals that prices fell for the majority of commodities on the Exchange. Nonetheless, maize was the only crop to increase, rising 8.24% year over year.
Apart from ginger and sesame, other commodities likewise fell on the open market. The AEI decreased slightly by 1.87%, completing the week at 220.12 index points while the ACI barely increased by 1.22% to close at 482.02 index points.
We anticipate additional decreases in commodity prices this week as market activity is likely to continue on its current course in the lead-up to the gubernatorial election and in the midst of a cash crunch.
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Market Price Dynamics
The Exchange observed a decrease in the price of most commodities during the most recent trading week. Ginger was the biggest loser, falling by 10.48% week over week.
The open market adopted a like pattern. Ginger, on the other hand, came in first place, earning 13.66%% wo-w.
In the week under review, most grains experienced decreased closing prices on the global market. Sorghum led the list of grains that lagged, falling by 7.32% w-o-w.
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