Developments in the International Commodity Markets during the Fourth Quarter of 1984

Authors

Central Bank of Nigeria CBN, Central Bank of Nigeria, Abuja

Publisher

Central Bank of Nigeria

Keywords

Commodity Market, Developments, World Commodity Market, Nigeria, International Commodity Markets

Abstract

A low tempo of activities characterised the international Commodity markets during the fourth quarter of 1984. The marginal movements in the price levels of most commodities were however accentuated by currency exchange rate fluctuations. The all-commodities price index rose by 5.0 and 0.3 per cent over its respective levels in the preceding quarter and the corresponding quarter of 1983. The price increase was reflected in all but three of the selected commodities. The highest price increases occurred in coffee (26. 7%), cocoa (6 .3%) palm oil (6%) and cotton (5 .8%). Of the three commodities whose price fell , two, copra and groundnut oil, were due largely to the appreciation of the U.S. dollar in which their sales price was denominated

Author Bio

The authors are staff of the Agricultural Studies Office, Sectoral Studies Division of the Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

22

Recommended Citation

Central Bank of Nigeria (1984). Developments in the International Commodity Markets during the Fourth Quarter of 1984. CBN Economic and Financial Review. 22(4), 1-2.