Profitability and structural analysis of cashew nut market in Oyo State, Nigeria (original) (raw)
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International journal of innovation and scientific research, 2016
This paper investigates the determinants of the economic profitability of cashew nuts marketing in North-Eastern Benin. The study was conducted in the municipality of Tchaourou by using survey methods on respondents randomly selected from different categories of actors interacting on the market. Primary data were collected with respect to the marketing year 2013-2014 on up to 160 cashew nut traders such as 91 collectors, 25 retailers, 31 semi-wholesalers and 13 wholesalers. The methodological approach used was based on the paradigm Structure-Conduct-Performance (SCP). As a result, four types of marketing systems of cashew nuts were identified in the municipality of Tchaourou. The analysis of the net margins showed that the cashew nuts marketing in Tchaourou generates average net margins of about 9.08fcfa/Kg for the collectors; 13.12 fcfa/Kg for the retailers, 10.56 fcfa/Kg for the semi-wholesalers and 21.16 fcfa/Kg of cashew nut for the wholesalers.The test of ANOVA highlighted a si...
2023
Nigeria was ranked the second largest producer of cashew after Vietnam. Ogbomoso North Local Government, Oyo State has a thriving domestic cashew nut trade but despite this, cashew nut marketers face pervasive income poverty, necessitating an in-depth investigation into the root causes. This study therefore focused on the economic analysis of poverty among cashew nut marketers in Ogbomosho north local government area of Oyo state, Nigeria. Primary data were collected and descriptive statistics, Gross Margin Analysis, Benefit Cost Ratio (BCR), Two-Third of the Mean Per Capital Household Expenditure approach as well as Logistic regression analysis were employed to analyze the data collected. The result revealed that majority of the cashew nut marketers (48.50%) were between the age range of 36 and 50 years, 43.40 percent of them had secondary school education and 40.40 percent had 11-20 years of cashew nut marketing experience. The result further showed that cashew nut marketing is profitable in the study area with the average total revenue, average gross margin, average profit and BCR of ₦61,022,881.31; ₦7,421,099.545; ₦6,495,495.505 and 1.12. Also, total fixed cost and age of the respondents significantly influenced their poverty status while poor marketing information, finance constraints, transportation issues, storage difficulties, and seasonality of the supply/demand among others were also identified as prevalent concerns of cashew nut marketing in the study area. The study therefore recommended cost reduction strategies, proper drying of the cashew nuts, government intervention in market price stabilization, and financial support for the cashew nut marketers.
ASSESSMENT OF CASHEW NUT VALUE CHAIN IN KOGI STATE, NIGERIA
Cashew nut value chain in Kogi State was examined in this study. Sample size of 200 respondents were selected using multistage sampling technique. Structured questionnaire was used for data collection. Data collected were analyzed using descriptive statistics. Results showed that 82.1% of the farmers, 80.0% of the marketers and 56.7% of the processors were males. The average age was 50 years, 53 years, and 47 years among farmers, marketers, and processors, respectively. The results further showed that 42.1% of the sell directly to the agent/wholesalers on the farm site; 66.7% of the marketers sourced for cashew nuts from the farmers or processors as kernels and sold to consumers who may also be processors in the value chain; while 63.3% of the soured for inputs from marketers. Production (85.7%) and marketing (58.6%) were the major entrepreneurial opportunities among the farmers; the marketers rated input sources (86.7%), marketing (80%) and end buyers as major opportunities; while processors' major entrepreneurial activity was processing (76.7%). Based on the findings in this study, it can be concluded that farmers, marketers and processors will perform well given adequate production, marketing and processing inputs respectively. It is recommended that more farmers, processors, and marketers, should be encouraged to engage in cashew nut value addition activities at all levels in the chain value. This can be achieved through intensified awareness among relevant actors within the value chain.
PROFITABILITY OF GROUNDNUT MARKETING IN KATAGUM LOCAL GOVERNMENT AREA, BAUCHI STATE, NIGERIA
IJCIRAS, 2019
This study analyzed the profitability of groundnut marketing in Katagum Local Government Area, Bauchi State, Nigeria. Data were obtained using simple random and purposive sampling techniques by the use of questionnaire. Descriptive statistics, gross margin and gini-coefficient was the analytical techniques used. The results revealed that majority of the respondents (81.7%) were within the age bracket of 21-40, all the respondents were male (100%). The study also revealed that majority of the respondents (71.7%) were married with the highest percentage (91.6%) of household size within the bracket 1-20. The marketing channel result indicated that most of the marketers (40.0%) purchase the groundnut from selling agent and majority (51.70%) of the marketers sell their groundnut to the retailers. The study also revealed that the market is highly competitive with a gini coefficient of 0.7048, the results also revealed that, groundnut marketing is a profitable business, with attractive gross margin of N1869/100kg bag on investment. This study shows that groundnut marketers are faced with several constraints in their marketing activities. Notable among them are high cost of transportation, instability of price, seasonality of production, inadequate capital base, high cost of input, inadequate market communication, scattered nature of production, small scale nature of producing area and inadequate storage facilities.
Asian Journal of Agricultural Extension, Economics & Sociology
Aims: This study examined the marketing challenges faced by cashew farmers in Kombo South District of The Gambia. The objectives of the study were to ascertain the challenges faced by cashew farmers and to identify ways of mitigating them in the study area. Study Design: Descriptive research design. Place and Duration of Study: The was conducted in Kombo South District of the Gambia between June and August, 2020. Methodology: The study included all male and female farmers within the ages of 18-75 years in the villages that constitute the Kombo South District in the Gambia. A sample of 384 cashew famers was selected from a population of 9318 farmers using Taro Yamane formula. Results: The findings of the study revealed that majority of farmers are affected by unstable domestic market prices of raw cashew nuts, lack of market information, poor road networks, large number of middlemen, lack of modern packaging materials, inadequate storage facilities, weak or no cashew farmer organizat...
The Economics of Processing Cashew Products in Benue State, Nigeria
This study was on Economic of Cashew nut processing in Benue State, Nigeria. Simple random sampling technique was used to select one-hundred and twenty-five Respondents. Primary data were used, and collected using a structured questionnaire. Descriptive statistics such as frequency counts, percentages and mean scores were used; Gross margin analysis was used to analyze cost and returns while linear regression was used to analyse factors influencing cashew processing in the study area. Findings revealed that the mean age of the processors was about 33years, most (60.8%) were females, 49.6% were married and nearly all the respondents had formal education. The mean household size was 5 persons. Mean processing experience was 8 years. Research revealed that cashew processing is profitable in the study area. The cost of labour, cost of purchasing and cost of firewood were found to significantly influenced cashew processing in the study area. It was therefore recommended that government a...
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The Behavior and Performance of Cashew Market in South Buton Regency, Indonesia
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Some of the major problems in cashew marketing performance are low production, inefficient marketing system and low income received by farmers. In addition, farmer with a low bargaining position will only receive prices from market players in the midst of increasing demand and competition in the market. The aim of this study is to examine the behavior and performance of the cashew market in South Buton Regency, Indonesia. Furthermore, the marketing channels, margins, costs and benefits received by each agency were used to analyze the technical and economic efficiency. In addition, random and snowball sampling techniques were applied to determine the farmers and traders, respectively. The results showed that the behavior of market price was based on the cost analysis, supply and demand, as well as the expected benefit. Meanwhile, the transactions were made partially (initial payment before and after the products were sold) and some in cash. The market players were unique in providing...
Opportunities in Nigerian cashew nut value chain
World Journal of Advanced Research and Reviews, 2021
The demand for cashew nuts is on the rise compared to other tree nuts due to the increase in consumption and utilization of cashew nut products and by-products, respectively. Data from FAO and Review of past literatures was used and this study evaluated the Nigerian cashew value chain as product moves along the stages. It gives information to intending individuals along the value chain. The activities of the actors in the cashew nut value chain are expected to generate employment opportunities for teeming Nigerian youth.
Continental J. Applied Sciences, 2023
This study was carried out to analyze the structure and conduct of watermelon marketing in Ibarapa Central Local Government Area of Oyo State. Specific objectives of the study include to describe the socio-economic characteristics of watermelon marketers, examine the marketing margin and marketing efficiency of marketers in the study area. Multi-stage sampling technique was employed to select 95 marketers. Primary data were collected using a set of well-structured questionnaire. Data were analyzed using descriptive statistics, Gini coefficient model and marketing efficiency index. The result of the study shows that 57.9% of the marketers were male, 41.1% were married, Gini Coefficient result of 0.56 indicated a moderate concentration of watermelon marketers. Market Efficiency Index of 2.43 revealed a high level of efficiency in the market. Inadequate shed and price fluctuation were among the major constraints identified in the study area. It was therefore recommended that Local Government Authority in the area should as a matter of urgency construct sets of buildings to serve as store or shop which will be made available at affordable prices to the marketers.