AFEX Commodities Exchange — Nigeria: physical commodity exchange in Abuja
AFEX Commodities Exchange in Nigeria forms part of the wider AFEX agricultural trading and infrastructure ecosystem.
AGR-028 · Physical commodity exchange · Abuja, Nigeria · NGN
Agricultural trading linked to warehousing and grading
AFEX Commodities Exchange in Nigeria forms part of the wider AFEX agricultural trading and infrastructure ecosystem. Its services connect trading with grading, storage and participation by different supply-chain businesses. The website distinguishes deliverable spot contracts from cash-settled products. A buyer therefore needs to identify the selected segment before treating a transaction as the purchase of physical raw material for a factory.
A warehouse catalogue marked ©2023 identifies 123 warehouses in Nigeria with approximately 357,000 tonnes of capacity. This is a historical infrastructure description, not current exchange volume; broader group communications may cover several countries. The commodity range includes maize, soybeans, sorghum, paddy rice, cocoa, sesame and ginger. Food-processing material may require a different standard from feed material, so matching commodity names alone does not make two offers equivalent. Capacity also differs from annual throughput because stored goods can turn over repeatedly.
A buyer should establish the actual warehouse, grade, parcel size and release terms. Moisture, impurities, packaging and the tests required by the final customer all influence suitability. Agree transport and the point at which responsibility for the goods changes hands. A profitable cash-settled position does not provide a delivery to the factory. Membership or intermediary access should match the participant's role rather than be assumed to offer identical functions for every registration. For an export purchase, destination quality and documentation requirements must be addressed separately from the local warehouse transaction.
A seller should compare the effect of quality and warehouse location on net proceeds after testing, storage and freight. Agree rejection criteria and a dispute procedure before dispatching a load. The public website uses a dynamic price panel; a zero or blank field may reflect data that have not loaded and should not be recorded as an actual transaction price. Obtain a dated report or confirmed system observation for analysis. Distinguish group growth targets from achieved results, and Africa-wide measures from Nigerian-market figures. These checks prevent an infrastructure estimate for the wider business from being mistaken for capacity available at the particular location needed for a sale.
What is priced: Grains, oilseeds and pulses, Fruit, Vegetables and potatoes, Coffee, cocoa, tea, sugar, cotton, rubber and spices
Where to find the prices
Products and quotations
Maize; Soybeans; Sorghum; Paddy rice; Cocoa; Cashew nuts; Sesame; Ginger
Key figures
- Warehouses in the catalogue’s Nigerian network: 123 warehouses (Catalogue ©2023). Nigeria; historical data, not all Africa.
- Nigerian network capacity in catalogue: 357,000 t (Catalogue ©2023). Approximate; capacity, not annual turnover.
Sources
- AFEX — market and access
- AFEX — catalogue and warehouses
- AFM — Nigerian exchange profile
All agricultural exchanges, markets and price sources
