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JUST IN: @afreximbank has released Afreximbank African Commodity Index (AACI) for Q3. Composite index fell marginally 1% QoQ due mainly to pull-back in energy sub-index, but agric commodities sub-index rose to become the top performer beating gains in base & precious metals.
Recurrence of adverse commodity terms of trade shocks has been the bane of African econ., and in tracking movements in commodity prices, #AACI highlights areas requiring pre-emptive measures by the Bank, stakeholders policymakers in member countries & global institutions
@afreximbank #AACI 3Q 2002:
-Energy sub-index fell by 8%
-Agric commodities sub-index rose 13%
-Coffee rose 10%
-Cocoa futures up
-Sugar prices gained
-Cotton at highest level
-Base metals sub-index up 9%
-Precious metals sub-index up 7%
@BBoason
-Energy sub-index fell by 8%
-Agric commodities sub-index rose 13%
-Coffee rose 10%
-Cocoa futures up
-Sugar prices gained
-Cotton at highest level
-Base metals sub-index up 9%
-Precious metals sub-index up 7%
@BBoason
