Ginger Prices Surge Higher |AFEX
In the week under review, the AFEX Commodities Index (ACI) increased slightly by 0.06% closing the week at 163.05 points. the narrow gains witnessed in the ACI were stimulated by a 0.20% gain in the price of maize leading to a reversal of the two week losing streak in the benchmark commodities index.
Despite a broad-based lull in the prices of commodities on the exchange, ginger and maize posted gains of 2.09% and 0.20% to settle at ₦492,130 and ₦92,533. Ginger prices have also witnessed a staggering gain of 11.52% Season-to-date(STD).
The open market also witnessed a positive price performance this last week as Sorghum led the pack rising 6.47% Week-to-Date to close at ₦82,280. Soybean and Maize also gained in price closing at an average price of ₦135,340 and ₦100,870 respectively.