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A market update from the AFEX exchange reports maize and sorghum prices fell over two weeks, with maize down 3.73% and sorghum down 0.02%, attributed to a supply glut. The AFEX Export Index dropped 2.94% to 204.19 points for the week.
Harvest-driven supply increases and softer prices in the open market point to near-term pressure on maize and sorghum values, which feed buyers can use to time purchases.
businesstrumpet.comBusinessTrumpetNov 29, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
