Mixed performances in the Agric commodities market

It was a muted performance for commodities listed on the Exchange, with the exceptions of Maize and Soybean. 

While maize gained on the Exchange, we saw a reverse performance in the open market. Also, while Soybean bled on the Exchange, a marginal gain of 0.09% was recorded in the open market. 

The ACI and AEI remained flat however, against a bearish performance in the S&P GSCI index and Nigerian ASI for the reporting week. 

Meanwhile, total trades closed on the Exchange declined for the second consecutive week by 26% with 1,946 contracts consummated in the review week.

Market Price Performance

  • Contracts traded on soybean on the Exchange declined by 86% this week.
  • Price of maize and paddy rice in the open market price maintain lower prices than old maize 
  • In the international market, ginger price dipped as some importers imported dried ginger from China at a discount to actual price 

Check out other relevant details on market performance by accessing the report here.

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