The overwhelming dependence of export revenue on primary commodities
entails two perils: one, the commodity prices fluctuate steeply in the international market.
The city's hito production is being identified as a massive industry, despite not being included as among the primary commodities
supported by the agriculture bureau.
In the category of primary commodities
, exports of cotton yarn witnessed a growth of 0.64 percent while the exports of yarn other than cotton recorded a rise of 15.81 percent .
The IMF's Primary Commodities
Price Index declined by 5% between February and August 2017.
Among the external reasons is the decline in the prices of primary commodities
which started in 2014.
This will enable the growth of industrial sectors, in particular adding value in Ghana to primary commodities
and diversifying the economy beyond primary commodities
Basically, colonial powers would appropriate primary commodities
of the colonies.
Among specific topics are financial development and growth under capitalism, secular movements in the international terms of trade of primary commodities
vis-a-vis manufactured goods: towards an explanation, employment growth and informalization of workers in the organized manufacturing sector, corporate retailing in the advanced countries: some salient features, and the political economy of contemporary Indian agricultural and rural dynamics.
The President, ICCI, said another problem with export sector was that our exports were dominated by primary and intermediate goods rather than value-added finished products as 74 percent of food items and 40 percent exports of textiles were primary commodities
The company noted that revenues for the second quarter in 2016 declined by 15% compared to the same quarter last year as a result of a decline in prices for most of the company's primary commodities
. Prices of ammonium phosphate fertilizer declined by 31%, ammonia by 9%, and average aluminum LME by 16%, compared to the same quarter of 2015.
"Moreover, the depreciation has presented Russia with an opportunity for a broad-based improvement in Russia's international competitiveness and to transform its export profile by diversifying away from primary commodities
. Leveraging emerging opportunities to develop a broader and more sophisticated product and export mix will require a substantial and sustained increase in private investment."
Despite some evidence of investment and trade diversification, primary commodities
remain a top priority for China.