The African Commodities Index and African Exchange Index remain Bullish

The African Commodities Index and AEI remained bullish for the 2nd consecutive week since the start of 2021, closing the reporting week with 4.91% and 1.97% W-o-W respectively.

Most grains traded on the Exchange, saw a positive price surge as maize, soybean and sorghum increased by 5.77%, 17.11% and 6.07% W-o-W respectively, while paddy rice declined by 5.70% W-o-W. The positive performance of the AEI is attributable to the increase in Exchange Traded Price of cocoa, as the commodity closed the week with a 6.23% (W-o-W) price increase. Ginger started its first bearish trend since the start of 2021, closing at a -2.66% (W-o-W) against the previous week