ABSTRACT
This study was on focused on the impact of the commodity exchange on the export of
primary commodities (Cashew) in Nigeria. It aimed at finding out the effect price instability
on export of primary commodities in Nigeria, finding out the extent of measures taken by the
exchange in tackling price instability and finding out the level of effectiveness of the
Exchange in promoting export of primary commodities. In undertaking this study, the survey
research design was adopted. The population of the study was the 103 staff of the Abuja
Exchange, with a sample size of 90 being determined. Questionnaire was the research
instrument that was used in the collection of data.
Data collected were presented and
discussed descriptively while the hypotheses statements were tested using the Z-test statistics
with the aid of the SPSS 17.0 statistical software. The study revealed that price instability
has an effect on the export of primary commodities in Nigeria, measures taken by the
Exchange are effective in tackling price instability of primary commodities and the Exchange
has been effective in promoting export of primary commodities. The study recommended
that the Commodity Exchange should fashion out proactive ways of ensuring that there is
stability in the prices of primary commodities; the Exchange should work together with the
farmers to ensure the quality of their primary commodities meet up with international
standards, thereby resulting to a regulated and stable price regime; and the Exchange should
put in more resources into research and development (R&D) which will enhance the
production capability and quality of local output.
