• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Inflationary pressure will drive commodity prices in 2022 – AFEX

Zainab Iwayemi by Zainab Iwayemi
January 27, 2022
in Business News
AFEX VIce President, Financial Markets: Oluwafunto Olasemo

Inflationary pressure will drive commodity prices in 2022 - AFEX

Share on FacebookShare on TwitterShare on Linkedin

AFEX, Nigeria’s commodities exchange, has projected that the year 2022 will continue to witness inflationary pressures which will drive up the prices of commodities during the year.

According to its ‘Annual Commodities Outlook report for 2022,’ the combination of rising inflationary pressures amid the expectant end of petroleum subsidy would increase the price of grains during the new 2021/2022 trading season.

In addition, it added that a possibility of naira devaluation in the parallel market and increased demand pressure on commodities in the country would push up the price of commodities during the period.

RelatedStories

Cocoa Price

Cocoa production in Nigeria projected to rise by 10% over high prices – Report 

November 1, 2024
Niger state to produce 300,000 tons of paddy rice annually for Lagos Rice Mill

Paddy rice production in Nigeria projected to decline over insecurity, high fertiliser cost –AFEX  

October 31, 2024

What they are saying

Speaking at the launch of the report, Oluwafunto Olasemo, Vice President, Financial Market at AFEX explained that the primary objective of the report is to close the data gap in Africa’s commodity sector and to give solid market intelligence to major stakeholders in the commodities value chain.

Notably, the report pointed to the fact that the Nigerian agriculture sector expanded by an average of 1.60% in the first three quarters of the year, but the expansion was lower than the 1.72% recorded in 2020.

In its outlook for the year 2022, however, it said that the new Omicron variant will have negligible impact on Nigeria’s commodity supply chain, also pointing to the fact that prices across commodities started the current season at a higher minimum base price than the previous season, owing to increased demand that has surpassed supply levels.

Similarly, the report shows that the naira’s depreciation against the US dollar and the French CFA  has raised the demand for most staple commodities, particularly sorghum which will help to boost export commodities including cocoa, sesame, ginger, and cashew.

Commenting on the report, David Ibidapo, senior research analyst at AFEX said that in 2022, there would be a rally in some of these commodities driven by heightened demand and also a relatively bleak outlook for the FX market coupled with the increasing cross border trade in the country pressuring the currently available supply of these commodities.

He said, “In the global space especially, the first quarter for me would be the Russia-Ukrain crises, which if it worsens, would have an effect on energy prices and fertilizer prices and ultimately on input prices and the cost of input and production this year. I think it’s an upward trend for commodity prices.

“For investors, we believe this is one of the best times to come into the market. We believe the commodity market provides a safe entry for currency valuation and there is a strong correlation in that state and also commodity has a hedge against inflation as seen in the last two to three years.

What you should know about AFEX

On track to impact one million producers; providing services in productivity and value capture and access to finance and markets, AFEX, since its inception in 2014 says it has developed and deployed a commodities exchange model for the West African market.

Its infrastructure and platform investments work to unlock capital to power a trust economy in Africa’s commodities markets whilst driving financial inclusion for rural communities, developing technology for data collection and market access, and enabling capital deployment.

Tags: AFEX
Zainab Iwayemi

Zainab Iwayemi

For further inquiries about this article, contact: Email: zainab.iwayemi@nairametrics.com Twitter: @IwayemiZainab LinkedIn: Zainab Iwayemi

Related Posts

Cocoa Price
Commodities

Cocoa production in Nigeria projected to rise by 10% over high prices – Report 

November 1, 2024
Niger state to produce 300,000 tons of paddy rice annually for Lagos Rice Mill
Agriculture

Paddy rice production in Nigeria projected to decline over insecurity, high fertiliser cost –AFEX  

October 31, 2024
BII invests $26.5 million in AFEX to boost agriculture in Nigeria, others
Agriculture

BII invests $26.5 million in AFEX to boost agriculture in Nigeria, others

November 2, 2023
AFEX Commodities Exchange partners NG Clearing on commodity derivatives in Nigeria
Commodities

AFEX Commodities Exchange partners NG Clearing on commodity derivatives in Nigeria

November 10, 2022
AFEX Code Cash Crop 3.0 creates solutions to boost agriculture, finance, and technology sectors
Corporate Updates

AFEX Code Cash Crop 3.0 creates solutions to boost agriculture, finance, and technology sectors

August 1, 2022
AFEX to partner with FMDQ and Dubai Commodities Exchange, 50,000 farmers to benefit from AFEX Commodities agric funding initiative
Stock Market

Knowledge is a critical indicator of a thriving commodities exchange ecosystem – AFEX

March 11, 2022
Next Post
Gov Sanwo-Olu

Governor Sanwo-Olu flags off Ojota-Opebi Link Bridge, to be completed in 20 months

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Money market investment drives growth as mutual funds attract N1.99 trillion in H1 2025 
  • We recommended these stocks earlier this year, See how they are performing 
  • Tecno Spark 40 Series: A stylish revolution For Nigeria’s trendsetters

Follow us on social media:

Recent News

Mutual Funds

Money market investment drives growth as mutual funds attract N1.99 trillion in H1 2025 

July 19, 2025
NGX ends the week positive as market capitalization gains N45 billion

We recommended these stocks earlier this year, See how they are performing 

July 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics