Agricultural Commodities Volatility in Some Selected Markets in the Northern and Western States in Nigeria

<!DOCTYPE html> <html lang="en" dir="ltr"> <head>  <script async src="https://www.googletagmanager.com/gtag/js?id=G-P63WKM1TM1"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-P63WKM1TM1'); </script>  <script type="text/javascript" > (function(m,e,t,r,i,k,a){m[i]=m[i]||function(){(m[i].a=m[i].a||[]).push(arguments)}; m[i].l=1*new Date(); for (var j = 0; j < document.scripts.length; j++) {if (document.scripts[j].src === r) { return; }} k=e.createElement(t),a=e.getElementsByTagName(t)[0],k.async=1,k.src=r,a.parentNode.insertBefore(k,a)}) (window, document, "script", "https://mc.yandex.ru/metrika/tag.js", "ym"); ym(55165297, "init", { clickmap:false, trackLinks:true, accurateTrackBounce:true, webvisor:false }); </script> <noscript><div><img src="https://mc.yandex.ru/watch/55165297" style="position:absolute; left:-9999px;" alt="" /></div></noscript>    <title>Agricultural Commodities Volatility in Some Selected Markets in the Northern and Western States in Nigeria</title> <meta name="description" content="Agricultural Commodities Volatility in Some Selected Markets in the Northern and Western States in Nigeria"> <meta name="keywords" content="Agricultural commodity, agricultural market, derivatives, volatility, price."> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <meta name="citation_title" content="Agricultural Commodities Volatility in Some Selected Markets in the Northern and Western States in Nigeria"> <meta name="citation_author" content="T. Danjuma"> <meta name="citation_author" content="N. M. Ike-Muonso"> <meta name="citation_author" content="H. C. Chinwenyi"> <meta name="citation_publication_date" content="2024/08/28"> <meta name="citation_journal_title" content="International Journal of Agricultural and Biosystems Engineering"> <meta name="citation_volume" content="18"> <meta name="citation_issue" content="8"> <meta name="citation_firstpage" content="75"> <meta name="citation_lastpage" content="79"> <meta name="citation_pdf_url" content="https://publications.waset.org/10013791/pdf"> <link href="https://cdn.waset.org/favicon.ico" type="image/x-icon" rel="shortcut icon"> <link href="https://cdn.waset.org/static/plugins/bootstrap-4.2.1/css/bootstrap.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/plugins/fontawesome/css/all.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/css/site.css?v=150220211555" rel="stylesheet"> </head> <body> <header> <div class="container"> <nav class="navbar navbar-expand-lg navbar-light"> <a class="navbar-brand" href="https://waset.org"> <img src="https://cdn.waset.org/static/images/wasetc.png" alt="Open Science Research Excellence" title="Open Science Research Excellence" /> </a> <button class="d-block d-lg-none navbar-toggler ml-auto" type="button" data-toggle="collapse" data-target="#navbarMenu" aria-controls="navbarMenu" aria-expanded="false" aria-label="Toggle navigation"> <span class="navbar-toggler-icon"></span> </button> <div class="w-100"> <div class="d-none d-lg-flex flex-row-reverse"> <form method="get" action="https://waset.org/search" class="form-inline my-2 my-lg-0"> <input class="form-control mr-sm-2" type="search" placeholder="Search Conferences" value="" name="q" aria-label="Search"> <button class="btn btn-light my-2 my-sm-0" type="submit"><i class="fas fa-search"></i></button> </form> </div> <div class="collapse navbar-collapse mt-1" id="navbarMenu"> <ul class="navbar-nav ml-auto align-items-center" id="mainNavMenu"> <li class="nav-item"> <a class="nav-link" href="https://waset.org/conferences" title="Conferences in 2024/2025/2026">Conferences</a> </li> <li class="nav-item"> <a class="nav-link" href="https://waset.org/disciplines" title="Disciplines">Disciplines</a> </li> <li class="nav-item"> <a class="nav-link" href="https://waset.org/committees" rel="nofollow">Committees</a> </li> <li class="nav-item dropdown"> <a class="nav-link dropdown-toggle" href="#" id="navbarDropdownPublications" role="button" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false"> Publications </a> <div class="dropdown-menu" aria-labelledby="navbarDropdownPublications"> <a class="dropdown-item" href="https://publications.waset.org/abstracts">Abstracts</a> <a class="dropdown-item" href="https://publications.waset.org">Periodicals</a> <a class="dropdown-item" href="https://publications.waset.org/archive">Archive</a> </div> </li> <li class="nav-item"> <a class="nav-link" href="https://waset.org/page/support" title="Support">Support</a> </li> </ul> </div> </div> </nav> </div> </header> <main> <div class="container mt-4"> <div class="row"> <div class="col-md-9 mx-auto"> <form method="get" action="https://publications.waset.org/search"> <div id="custom-search-input"> <div class="input-group"> <i class="fas fa-search"></i> <input type="text" class="search-query" name="q" placeholder="Author, Title, Abstract, Keywords" value=""> <input type="submit" class="btn_search" value="Search"> </div> </div> </form> </div> </div> <div class="row mt-3"> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Commenced</strong> in January 2007</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Frequency:</strong> Monthly</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Edition:</strong> International</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Paper Count:</strong> 33093</div> </div> </div> </div> <div class="card publication-listing mt-3 mb-3"> <h5 class="card-header" style="font-size:.9rem">Agricultural Commodities Volatility in Some Selected Markets in the Northern and Western States in Nigeria</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/search?q=T.%20Danjuma">T. Danjuma</a>, <a href="https://publications.waset.org/search?q=N.%20M.%20Ike-Muonso"> N. M. Ike-Muonso</a>, <a href="https://publications.waset.org/search?q=H.%20C.%20Chinwenyi"> H. C. Chinwenyi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> <p>The price volatility of agricultural commodities in Nigeria market is very essential and understanding its future evolution is important for informed decision making to policymakers. In this paper, we examined the volatilities of some agricultural commodities such as maize (white), cowpeas (brown) and sorghum (white) in Mubi and Dawanau markets in the Northern part of the country and compared its volatilities with the same agricultural commodities from Lagos and Ibadan markets in the Western part of Nigeria.</p> <iframe src="https://publications.waset.org/10013791.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/search?q=Agricultural%20commodity" title="Agricultural commodity">Agricultural commodity</a>, <a href="https://publications.waset.org/search?q=agricultural%20market" title=" agricultural market"> agricultural market</a>, <a href="https://publications.waset.org/search?q=derivatives" title=" derivatives"> derivatives</a>, <a href="https://publications.waset.org/search?q=volatility" title=" volatility"> volatility</a>, <a href="https://publications.waset.org/search?q=price." title=" price."> price.</a> </p> <a href="https://publications.waset.org/10013791/agricultural-commodities-volatility-in-some-selected-markets-in-the-northern-and-western-states-in-nigeria" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/10013791/apa" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">APA</a> <a href="https://publications.waset.org/10013791/bibtex" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">BibTeX</a> <a href="https://publications.waset.org/10013791/chicago" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Chicago</a> <a href="https://publications.waset.org/10013791/endnote" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">EndNote</a> <a href="https://publications.waset.org/10013791/harvard" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Harvard</a> <a href="https://publications.waset.org/10013791/json" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">JSON</a> <a href="https://publications.waset.org/10013791/mla" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">MLA</a> <a href="https://publications.waset.org/10013791/ris" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">RIS</a> <a href="https://publications.waset.org/10013791/xml" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">XML</a> <a href="https://publications.waset.org/10013791/iso690" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">ISO 690</a> <a href="https://publications.waset.org/10013791.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">55</span> </span> <p class="card-text"><strong>References:</strong></p> <br>[1] Matthews, A. (2010), Perspectives on addressing market instability and income risk for farmers. Joint AES and SFER conference on The Common Agricultural policy post 2013. Edinburgh. March 2010. <br>[2] Borawski, P., Beldycka-Borawska, A. and Dunn, J.W. (2018). Price volatility of Polish agricultural commodities in the view of the Common Agricultural Policy. Agric. Econ. – Czech, 64: 216–226. <br>[3] Zheng, P. and Xuyun, Z. (2023). Price volatility transmission of perishable agricultural products: evidence from China, Economic Research-Ekonomska Istraživanja, 36(1), 2180058, DOI: 10.1080/1331677X.2023.2180058 <br>[4] Boyd, C. M. and Bellemare, M. F. (2020). The microeconomics of agricultural price risk. Annual Review of Resource Economics, 12(1), 149–169. https://doi.org/10.1146/annurev-resource-100518-093807 <br>[5] Abdallah, M. B., Farkas, M. F. and Lakner, Z. (2020). Analysis of meat price volatility and volatility spillovers in Finland. Agricultural Economics, 66(2), 84–91. <br>[6] Chavas, J. P. and Pan, F. (2020). The dynamics and volatility of prices in a vertical sector. American Journal of Agricultural Economics, 102(1), 353–369. https://doi.org/10.1093/ajae/aaz038 <br>[7] Tan, Y., & Zeng, H. (2019). Price transmission, reserve regulation and price volatility. China Agricultural Economic Review, 11(2), 355–372. https://doi.org/10.1108/CAER-04-2017-0062 <br>[8] Food and Agricultural Organization (FAO). (2018). FAO Food Price Index: World Food Situation. Food and Agriculture Organization of the United Nations, Rome: FAO. <br>[9] Minot, N. (2014). Food price volatility in sub-Saharan Africa: Has it really increased? Food Policy,45, 45-56. doi.org/10.1016/j.foodpol.2013.12.008. <br>[10] Adams, P. and Paice, E. (2017). The silent crisis of food price inflation in Africa. African Research Institute, Understanding Africa Today. <br>[11] Uduji, J.I., Okolo-Obasi, E.N. and Asongu, S. A. (2019a) Farmers’ Food Volatility and Nigeria’s Growth Enhancement Support Scheme. 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IMF Working Paper No. 11/62, Washington, DC: International Monetary Funds. <br>[16] Alper, C.E, Hobdari, N., and Uppal, A. (2016). Food inflation in sub-Saharan Africa: Causes and policy implications. IMF Working Paper, WP/16/247 <br>[17] Wajid, H., Rasul, S. and Zahra, H.S. (2021). Impact of price volatility of agriculture commodities vs food in case of Pakistan. Sarhad Journal of Agriculture, 37(3): 877-883. DOI |https://dx.doi.org/10.17582/journal.sja/2021/37.3.877.883 <br>[18] Adeyemi A. O., Omobola A., Oluwatomisin, M., O. and Abiola, J. A. (2019). Macroeconomic Impact of Agricultural Commodity Price Volatility in Nigeria. The Open Agriculture Journal. 13:162-174. DOI: 10.2174/1874331501913010162 <br>[19] World Bank Report (WBR). Agriculture for Development Available @ https://openknowledge.worldbank.org/handle 2008; accessed 27.08.2023. <br>[20] Adebayo, O. Olagunju, K. Kabir, S. K. and Adeyemi O. (2016). 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Agricultural Commodities Volatility in Some Selected Markets in the Northern and Western States in Nigeria