Maize leads all other grains with 1.07% price gain
The performance of the majority of commodities on the Exchange was inconsistent. With a weekly rise of 1.07%, maize led all other crops. In the meantime, most commodities saw price increases on the open market. With a 3.10% w-o-w gain, maize was the highest gainer.
In recent weeks, the price of cocoa has been on the rise. Due to the current scarcity, prices are most likely to climb in the upcoming week.
The AFEX Export Index (AEI) and the AFEX Commodity Index (ACI) both saw weekly gains of 0.03% and 0.17%, respectively. The ACI and AEI both had weekly closing index points of 490.65 and 228.12, respectively.
Market Price Dynamics
The performance of most commodities on the Exchange was inconsistent. With a weekly rise of 1.07%, maize led all other crops.
Most commodities on the open market saw a boost in price today. Sesame was the highest gainer, up by 3.34% week over week.
Most commodities experienced a price drop on the global market this week. Ginger was the worst performer, falling by 3.19% week over week.
Access the study here to view further pertinent information on market performance.