Commodities halt bearish trend on the exchange as election fever subsides

Most commodities on the Exchange closed higher during the most recent trading week. Commodity prices increased by an average of 0.31% week over week, with ginger leading the gainers’ chart with gains of 5.05%.

As processors enter the market after the election season, prices on the open market are returning to normal. With the exception of cocoa, which remained unchanged, this has caused the price of the majority of commodities to rise on the open market week over week.

The AEI climbed slightly by 0.83%, completing the week at 224.04 index points, while the ACI slightly decreased by 0.57% to close at 476.25 index points. We expect commodities prices to rise further this week as market activity is expected to pick up as processors increase demand and cash is more easily accessible.

Market Price Performance

• The Exchange observed a decrease in the price of most commodities during the most recent trading week. Ginger was the worst performer, falling by 5.05% week-over-week.
• All commodities increased in value, with Sesame leading the chart throughout the trading week, according to open market performance.
• Activity on the global market were uneven, with certain commodities experiencing gains and others suffering losses. Wheat topped the laggards’ list while Cocoa topped the gainers’. Get the study here to view further pertinent information on market performance.