📈 Weekly Commodity Price Overview
This week’s market opened with notable movements in key
agricultural commodities compared to last Monday (April 28, 2025). Below is a
comparative summary of average market prices across key regional markets:
|
Commodity |
Unit |
Price (May 5) |
Price (Apr 28) |
Change (%) |
Trend |
|
Maize (White) |
50kg |
$32.00 |
$29.50 |
+8.5% |
📈
Rising |
|
Rice (Local) |
50kg |
$54.00 |
$53.20 |
+1.5% |
📈
Slight Rise |
|
Rice (Imported) |
50kg |
$58.50 |
$59.30 |
-1.3% |
📉
Falling |
|
Soybeans |
100kg |
$73.00 |
$68.00 |
+7.4% |
📈
Rising |
|
Groundnuts |
100kg |
$110.00 |
$108.00 |
+1.9% |
📈
Stable-Rising |
|
Beans (Mixed) |
100kg |
$82.00 |
$85.50 |
-4.1% |
📉
Falling |
|
Cassava (Fresh) |
50kg |
$18.00 |
$16.00 |
+12.5% |
📈
Sharp Rise |
|
Millet |
100kg |
$67.00 |
$64.00 |
+4.7% |
📈
Rising |
🔍 Key Trends & Insights
1. Maize
and Soybeans Surge
Maize and
soybeans saw significant price increases this week. Traders holding
stock from last week could see good margins. Farmers in harvest-ready zones may
want to prioritize sales now to benefit from the upward trend.
- Opportunity: Maize prices rose by 8.5%,
suggesting strong urban demand or a tightening supply.
- Advice for Farmers: Those with stored maize can
fetch higher prices now.
- Advice for Traders: Bulk buying in mid-tier
markets for quick resell may yield fast profits.
2. Cassava
Shows a Strong Jump
A 12.5%
price jump in fresh cassava is this week’s most notable movement.
- Possible Drivers: Urban demand for cassava flour
or weather-related transport issues.
- Trading Insight: Rural procurement at last
week's price with urban delivery could offer strong returns.
3. Beans
and Imported Rice Decline
- Beans dropped by 4.1% due to likely
market saturation or reduced demand.
- Imported Rice saw a marginal 1.3% drop,
possibly due to increased local supply or currency shifts.
- Advice: Avoid bulk purchases of beans
or imported rice this week unless buying at deeply discounted rates.
🧠 Strategic Recommendations
- Short-Term Profit Alert: Focus on maize, cassava,
and soybeans. Rising trends signal strong short-term profit potential.
- Monitor Closely: Keep an eye on beans —
if the decline continues, prices could bottom out, creating a buying
opportunity in 1–2 weeks.
- Stay Updated: Exchange rate fluctuations
could impact imported commodities like rice in the coming weeks.
📌 Disclaimer: All
prices are market averages gathered from regional trading hubs. Variations may
occur depending on local conditions.
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