The last trading week saw an increase in the open market price of most grains. Sorghum, Maize, Wheat, and Paddy rice gained 3.24%, 3.03%, 0.81%, and 0.50% respectively. Market participants attribute this to the impact of flooding and increasing demand from the domestic market and neighboring countries. Soybean stood as the only laggard, declining marginally by 2.47%.
Sorghum recorded the highest volume settled on the Exchange, representing 71.88% of total contracts traded on the Exchange.
Key producing states of grains production are seriously affected by the current flood incidence which could have a significant negative effect on general food supply.