The laboratory exercise is explained on pages 326-334 of your
textbook(Operating systems A modern perspective by GAry nutt)The
exercise requires you to create producer and consumer threads that
write into and read from a group of N buffers in linux environment.I
want the soure code for the exercise above.

well here is something similiar, but its in Java.
class BufferItem {
   public volatile double value = 0;          // multiple threads access
   public volatile boolean occupied = false;  // so make these `volatile'
}

class BoundedBuffer {  // designed for a single producer thread and
                       // a single consumer thread
   private int numSlots = 0;
   private BufferItem[] buffer = null;
   private int putIn = 0, takeOut = 0;
//   private int count = 0;

   public BoundedBuffer(int numSlots) {
      if (numSlots <= 0) throw new IllegalArgumentException("numSlots<=0");
      this.numSlots = numSlots;
      buffer = new BufferItem[numSlots];
      for (int i = 0; i < numSlots; i++) buffer[i] = new BufferItem();
   }

   public void deposit(double value) {
      while (buffer[putIn].occupied) // busy wait
         Thread.currentThread().yield();
      buffer[putIn].value = value;                              // A
      buffer[putIn].occupied = true;                            // B
      putIn = (putIn + 1) % numSlots;
//      count++;                                       // race condition!!!
   }

   public double fetch() {
      double value;
      while (!buffer[takeOut].occupied) // busy wait
         Thread.currentThread().yield();
      value = buffer[takeOut].value;                            // C
      buffer[takeOut].occupied = false;                         // D
      takeOut = (takeOut + 1) % numSlots;
//      count--;                                       // race condition!!!
      return value;
   }
}

/* ............... Example compile and run(s)

D:\>javac bwbb.java bbpc.java

D:\>java ProducerConsumer -s6 -p2 -c2 -R10
ProducerConsumer: numSlots=6, pNap=2, cNap=2, runTime=10
All threads started
age=50, PRODUCER napping for 997 ms
age=110, Consumer napping for 1863 ms
age=1150, PRODUCER produced item 0.196652
PRODUCER deposited item 0.196652
age=1150, PRODUCER napping for 1091 ms
age=2030, Consumer wants to consume
Consumer fetched item 0.196652
age=2030, Consumer napping for 439 ms
age=2250, PRODUCER produced item 0.268426
PRODUCER deposited item 0.268426
age=2250, PRODUCER napping for 362 ms
age=2470, Consumer wants to consume
Consumer fetched item 0.268426
age=2470, Consumer napping for 946 ms
age=2630, PRODUCER produced item 0.958945
PRODUCER deposited item 0.958945
age=2630, PRODUCER napping for 1939 ms
age=3400, Consumer wants to consume
Consumer fetched item 0.958945
age=3400, Consumer napping for 1312 ms
age=4610, PRODUCER produced item 0.078194
PRODUCER deposited item 0.078194
age=4610, PRODUCER napping for 619 ms
age=4720, Consumer wants to consume
Consumer fetched item 0.078194
age=4720, Consumer napping for 576 ms
age=5220, PRODUCER produced item 0.0630488
PRODUCER deposited item 0.0630488
age=5220, PRODUCER napping for 934 ms
age=5320, Consumer wants to consume
Consumer fetched item 0.0630488
age=5320, Consumer napping for 1993 ms
age=6150, PRODUCER produced item 0.580876
PRODUCER deposited item 0.580876
age=6150, PRODUCER napping for 851 ms
age=7030, PRODUCER produced item 0.974548
PRODUCER deposited item 0.974548
age=7030, PRODUCER napping for 1729 ms
age=7300, Consumer wants to consume
Consumer fetched item 0.580876
age=7300, Consumer napping for 496 ms
age=7850, Consumer wants to consume
Consumer fetched item 0.974548
age=7850, Consumer napping for 1480 ms
age=8730, PRODUCER produced item 0.0263791
PRODUCER deposited item 0.0263791
age=8730, PRODUCER napping for 1249 ms
age=9330, Consumer wants to consume
Consumer fetched item 0.0263791
age=9330, Consumer napping for 1890 ms
age=9990, PRODUCER produced item 0.948153
PRODUCER deposited item 0.948153
age=9990, PRODUCER napping for 1377 ms
age()=10050, time to stop the threads and exit