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Market | Commodities

Grains Market Closed Higher – AFEX Commodities Weekly Report 041122

Nov 14, 2022   •   by Others   •   Source: AFEX   •   eye-icon 195 views

Grain commodities sustained a 2-week upward trend in the open market on the back of demand pressures. However, Paddy rice declined marginally by 0.03%. 

Cocoa and Maize stood as the only gainers on the Exchange, gaining 3.94% and 2.27% respectively week-on-week.

Week-on-week, the AEI outperformed other benchmark indexes, gaining 3.30% while the ASI and S&P GSCI Agriculture index gained 0.81% and 3.26% respectively.

Grain prices are expected to continue upward price trends on the back of strong demand coupled with the limited volumes available in the open market.

 


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