It was a red week across the prices of most grains on the Exchange and in the open market. Soybean topped the laggard chart on the Exchange, declining 8.61% w-o-w while Maize topped the laggard chart in the open market, plunging 9.41% in the same period.
Market insights revealed that there is low activity of big players in the market, hence, it has been a buyer’s market for these commodities where buyers set the buy price. On the Exchange, maize accounted for 41% of total volumes traded. The AFEX Export index gained 4.24% while the AFEX Commodity Index plunged marginally by 0.63% w-o-w.
Meanwhile, this festive season, we are bringing back the AFEX FairTrade Exchange Traded Commodities (FETC) with a guaranteed return of 15%. FETC represent a basket of commodities that allows investors regardless of their risk appetite level to invest in a unit or more of a contract that is a mixed bag of commodities. It is open for subscription on ComX this week, but you can join the waiting list here .
Also, don’t forget to sign up to attend our free webinar on “Exploring Sustainable Investments with Commodities” this Thursday at 11 am. You would get more information on how to invest in FETC there. Click here to register.