Sorghum, maize, and soybean were the top traded commodities on the Exchange during the week. The price of maize reversed its upward trend from the previous week, declining by 3.97% on the Exchange and 1.56% in the open market.
The prices of other commodities did, however, rise as expected, except for ginger, which topped the Exchange’s laggard chart. On the Exchange, investors saw a good return on their investment.
Following a spike in market activity over the past week, traders expect domestic market prices to continue their recovery.
Market Price Performance
- The Exchange price of sorghum gained 28.86% W-o-W after maintaining same price for two consecutive weeks. Ginger and maize lost 14.16% and 3.97% respectively. On a Y-t-D basis, all commodities gained except ginger which fell by 0.63%.
- W-o-W, open market prices of all the commodities increased except for maize which fell by 1.56%. Y-t-D. Cashew, paddy rice, and ginger gained 30.05%, 18.78% , and 10.47% respectively while maize and soybean fell by 17.39% and 10.04% respectively.
- The international prices of all commodities fell when compared to the previous week except for paddy rice which gained 1.44%. Y-t-D performance of cocoa, cashew, and ginger fell by 13%, 4.55% and 4.05% respectively.
Check out other relevant details on market performance by accessing the report here.