Forward Contracts
Forward Contracts

AFEX Forward Contracts provide processors with a product that allows them to ensure the availability of raw materials for their activities as well as an ability to hedge price risk. It also gives the seller, typically a producer or trader, the opportunity to participate in the upward price movement of the commodity without undue exposure to market or price risks.

Forward Contracts
Asset Backed Commercial Papers (ABCP)
Asset Backed Commercial Papers (ABCP)

Commodity buyers/off-takers, especially processors and manufacturers require a reliable and sustainable source of funding to cover the purchase of commodities during the early stages of the harvest period to take advantage of the low prices and mitigate the expected upward trend in prices. ABCPs enable companies to raise short-term funds on a continuum through issuing of notes for subscription.

Asset Backed Commercial Papers (ABCP)
Exchange Traded Commodities (ETCs)
Exchange Traded Commodities (ETCs)

ETCs are investment vehicles (asset backed securities) that tracks and replicates the performance of an underlying commodity index including total return indices based on a single commodity. ETCs are similar to Exchange Traded Funds (ETFs) and are traded and settled like normal shares on their own dedicated sector. ETCs have dedicated market maker support enabling investors to gain exposure to commodities on Exchanges during trading hours.

Exchange Traded Commodities (ETCs)
ComX
ComX

AFEX's ComX is the electronic platform where securitized agricultural assets are traded. ComX is designed to provide the market with a user friendly and efficient shared-infrastructure, allowing clients of the exchange to put up trades themselves as well as allowing brokers to do so on their behalf.

ComX
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Live market
prices
  • Maize
    N942832.72%
  • Cocoa
    N8176704.67%
  • Soybeans
    N1305004.17%
  • Paddy rice
    N13333310.45%
  • Sorghum
    N801501.89%
  • Ginger
    N3856700.00%
  • Maize
    N942832.72%
  • Cocoa
    N8176704.67%
  • Soybeans
    N1305004.17%
  • Paddy rice
    N13333310.45%
  • Sorghum
    N801501.89%
  • Ginger
    N3856700.00%
  • Maize
    N942832.72%
  • Cocoa
    N8176704.67%
  • Soybeans
    N1305004.17%
  • Paddy rice
    N13333310.45%
  • Sorghum
    N801501.89%
  • Ginger
    N3856700.00%