Agricultural Journal
ISSN: Online 1994-4616ISSN: Print 1816-9155
Abstract
The aim of this study was to analyze palm oil prices in Ini local government area of Akwa Ibom state, Nigeria. In consideration of palm oil price stability, trend analysis, seasonality, cyclical and irregular elements of price volatility was determined. Data were obtained through structured questionnaires administered to 160 randomly selected palm oil marketers. The Time Series Model, measurement of instability factor and index of dynamic price analysis was used. The result revealed that the instability factor was 0.097% and index dynamic price was 58.49% which shows that palm oil prices were relatively stable during the time of study. The study concluded that there was no incentive to store palm oil as prices are relatively constant over time. Therefore, the study recommended that the marketers should not store palm oil for future sales rather marketers should speculate palm oil trading through prices differential by geographical market locations and not by time difference.
How to cite this article:
Uduak Okon Odo and Ntuokwa Ejor Tiku. Analysis of Palm Oil Prices in Ini Local Government Area of Akwa Ibom State, Nigeria.
DOI: https://doi.org/10.36478/aj.2012.374.381
URL: https://www.makhillpublications.co/view-article/1816-9155/aj.2012.374.381