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Market | Commodities

High Demand Drives Grain Prices – AFEX Commodities Weekly Report 111122

Nov 16, 2022   •   by Others   •   Source: AFEX   •   eye-icon 242 views

In a review of last week’s performance, Maize and Paddy rice appreciated marginally by 0.06% and 0.32% respectively on the Exchange. 

Maize and Soybean maintained a 4-week bullish trend in the open market as buy pressure weighed on supply.

Soybean led the performer chart, appreciating 14.6% on a week-on-week basis. The surge in price was attributed to the increased demand for the commodity both domestically and internationally.

Maize and Paddy rice were the top traded commodities, accounting for almost 70% of contracts traded on the exchange.

At the local market, demands for Paddy rice, Maize, and Soybean continue to increase, keeping prices bullish which is likely to last the harvest season.

 



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