Open AccessStructure and Efficiency of Trade in Wild Snail in Selected Markets in Ibadan Metropolis, Oyo state, Nigeria
Author(s) -
O.F. Akanni,
B.A. Salako,
R.I. Kolade,
O. Olumide-Ojo,
O.A. Oyetoki
Publication year - 2020
Publication title -
journal of applied science and environmental management
Language(s) - English
Resource type - Journals
eISSN - 2659-1499
pISSN - 2659-1502
DOI - 10.4314/jasem.v24i4.8
Subject(s) - snail , profit margin , gini coefficient , profit (economics) , business , agricultural economics , margin (machine learning) , economics , inequality , economic inequality , marketing , ecology , biology , microeconomics , mathematics , mathematical analysis , machine learning , computer science
The study examined the structure and efficiency of trade in wild snail in Selected Markets in fivepurposively selected popular markets in Ibadan metropolis, Oyo state Nigeria. Primary data were obtained from ahundred and twenty (120) snail marketers with the use of structured questionnaire and analyzed using Descriptivestatistics, Gini coefficient and budgetary analysis. According to the study, 80% of the respondents sourced theirgoods (snails) from the wild and the selling price is largely determined by the socio economic status of the buyer(40%). Also the enterprise is dominated by females (83.3%), more profitable in Apata market with a profit margin of ₦167,000 and generally efficient. Furthermore there is high inequality in the structure of the market as the gini coefficient (0.59) tends towards one while the major constraints to marketing include transportation (from the wild to the market) competition among marketers and storage. The study therefore recommends that snail farming (heliculture) should be encouraged so that there will be massive production and availability of snails all year round. This would mitigate the identified problems and increase the benefits accruing to players in the snail value chain.
Keywords: Structure, Efficiency, Wild snail, Ibadan metropolis, Profit Margin.