During the week, activities on the Exchange saw a mixed performance across commodities with ginger topping the gainers’ chart. Sorghum however topped the laggard chart, plunging 25.57%.  A different trend was observed in the open market which showed a downward movement in the prices of most commodities. There was a decline in the ACI and AEI by 4.04% and 0.72% respectively. 

The latest slump in wheat, corn, and other agricultural commodities in the international market indicates that food inflation may have reached its peak. Thus, runaway food inflation may be tamed temporarily as farm commodities tumble after a surge that pushed up prices of everything from cooking oil to bread.