Agro Business

Rising market demand pushes commodities prices upwards

Market activity is exhibiting signs of recovery due to an increase in cash availability, which is supported by rising supply and demand. On a week-to-week basis, volumes settled on the Exchange have grown by a factor of two.

Open market prices have increased for the majority of commodities, with soybeans leading the way as the top gainer at 5.34% w-o-w. On the Exchange, we observed a mixed performance; however, soybeans stood out as the highest gainer at 3.69% week over week.

Due to advances in Ginger, the AFEX Export Index outpaced the AFEX Commodity Index. The former increased by 1.26% week over week while the latter slightly decreased by 0.77% week over week.

We expect continued upward pressure on commodity prices this week as a result of strong demand fueled by an increase in the cash supply. It is also anticipated that various items will become more expensive as a result of the impending Easter and Eid holidays.

Performance of Market Prices

  • The performance of price movement on the Exchange was inconsistent. With a 3.69% w-o-w increase, soybeans were the highest gainer on the list.
  • The open market likewise showed a trend in the same direction. The gainers chart was led by soybean, which saw a 5.34% w-ow gain.
  • All grains saw gains on the global market, with the exception of sorghum, which fell by 0.03%.
  • Get the study here to view further pertinent information on market performance.

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