In the last trading week, Maize and Paddy rice gained respectively while other commodities remained flat on the Exchange. Old Maize topped the gainers’ chart, appreciating 5.85% week-on-week to close at NGN205,000/MT while Paddy rice maintained a 2^nd week positive run, gaining 2.01% w-o-w.

The total volume of contracts traded on the Exchange in the trading week stood at 957,681 contracts representing a 39.15% appreciation w-o-w.

Amidst low old grain supply, high moisture content of newly harvested grains, and drought in neighboring countries which has induced demand in the domestic market, experts anticipate further price increases across most grain commodities, especially Maize and Paddy rice.