An Analysis of Some Agricultural Commodity Prices in Selected Markets in Kano State, Nigeria.
An Analysis of Some Agricultural Commodity Prices in Selected Markets in Kano State, Nigeria.
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Date
1998-12
Authors
DAMISA, MAIYAKI
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Abstract
The existence of markets are a necessity to cater for the farmer's surplus
production. This however is not enough on its own to adequately take care of the
interests of the market participants. It is essential that produce must be sold at prices
that would cover cost of production and leave a surplus to reward the farmer's efforts.
The performance of the markets is therefore equally very important. It is desired for
produce to be sold at a price that would harmonise maximising the farmer's profit and
minimising the consumer's cost(s).
There are indications resulting from market imperfections of the existence of leadlag
price relationship amongst markets in the country: Some markets were found to
appreciably affect the price of a commodity in other markets. This can greatly distort
the pricing efficiency of the marketing system, particularly the marketing of agricultural
products.
The major objective of this study was to study intra and inter commodity price
relationships; to this effect, the prices of six (6) commodities were collected from five
(5) markets in Kano State and then analysed using regression analysis. The results in
general indicated that the mean significant effect of the prices of different commodities
in the same market is about the same as the effect of the same commodity prices in other
markets on the price of the commodity in an individual market and this effect is
significantly very high. The mean significant effect of the prices of other commodities
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in the other markets on the price of a commodity in an individual market is however very
low. This implies poor inter commodity market integration and is attributed to market
imperfections in the area of study. Poor market information and transport bottlenecks
led to poor distribution of goods which then results in poor market integration and leadlag
price relationships among markets.
Description
A thesis submitted to the Postgraduate School,
Ahmadu Bello University, in partial
fulfillment of the requirements for the
degree of Master of Science
in Agricultural Economics
Department of Agricultural Economics
and Rural Sociology
Faculty of Agriculture
Ahmadu Bello University
Zaria, Nigeria
DECEMBER, 1998.
Keywords
Analysis, Agricultural Commodity Prices, Selected Markets, Kano State, Nigeria.