ABSTRACT
The study analysed market integration and pricing efficiency of soyabeans in Benue and
Enugu States, Nigeria. Low household demand for soyabeans makes its production and
marketing less popular amongst farmers and marketers which leads to marketing
inefficiency. A two-stage sampling technique was used to select 207 respondents.
Secondary data comprising monthly retail prices (urban and rural) of soyabeans from
1999 to 2013 was also collected BNARDA and ENADEP. Descriptive statistics,
regression, Herfindal Hirschman Index, Gini Coeffiient, Johansen Co-integration, Spatial
price model, t-test and correlation analysis were the analytical techniques used. It was
found that soyabeans marketing was dominated by married (80%), literate (91.3%) males
(63.3%), with a mean annual income of N474,370. The factors that determine the volume
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of soyabeans marketed include price of soyabeans (-1.515), transfer and handling costs
(0.345), education (0.157) and quantity of loan (0.035). Although, soyabeans market was
characterized by many buyers and sellers with no barriers to entry and exit, the high value
of HHI got for wholesalers and retailers (2,017.18 and 1,081.97) indicated high
concentration of soyabeans in the hands of few marketers. This was further supported by
high inequalities in the distribution of sales among wholesalers and retailers respectively
as evident in the values (0.84 and 0.81) of gini coefficients. Whereas few marketers (6.8%)
had negative marketing margins, their mean was 20.40%. Average net margin for Benue
and Enugu soyabeans marketers were calculated as N405.79 and N786.26, respectively
which represented about 6.24% and 10% of the cost priCHAPTER ONE
, A & PATIENCE, D (2021). Market Integration And Pricing Efficiency Of Soyabeans In Benue And Enugu States, Nigeria. Afribary. Retrieved from https://afribary.com/works/market-integration-and-pricing-efficiency-of-soyabeans-in-benue-and-enugu-states-nigeria
, ANI and DOROTHY PATIENCE "Market Integration And Pricing Efficiency Of Soyabeans In Benue And Enugu States, Nigeria" Afribary. Afribary, 02 May. 2021, https://afribary.com/works/market-integration-and-pricing-efficiency-of-soyabeans-in-benue-and-enugu-states-nigeria. Accessed 24 Nov. 2024.
, ANI, DOROTHY PATIENCE . "Market Integration And Pricing Efficiency Of Soyabeans In Benue And Enugu States, Nigeria". Afribary, Afribary, 02 May. 2021. Web. 24 Nov. 2024. < https://afribary.com/works/market-integration-and-pricing-efficiency-of-soyabeans-in-benue-and-enugu-states-nigeria >.
, ANI and PATIENCE, DOROTHY . "Market Integration And Pricing Efficiency Of Soyabeans In Benue And Enugu States, Nigeria" Afribary (2021). Accessed November 24, 2024. https://afribary.com/works/market-integration-and-pricing-efficiency-of-soyabeans-in-benue-and-enugu-states-nigeria