Open AccessStructure, Conduct and Performance of Maize Marketing in Irewole Local Government Area, Osun State
Author(s) -
Lateef Olatunbosun Jimoh,
O.K. Akintunde,
A. L. Kehinde,
Timothy Olusola Agboola,
A A Alabi
Publication year - 2022
Publication title -
nigerian journal of basic and applied science
Language(s) - English
Resource type - Journals
eISSN - 0794-5698
pISSN - 2756-4843
DOI - 10.4314/njbas.v29i2.6
Subject(s) - gross margin , perishability , marketing , gini coefficient , business , profit margin , profit (economics) , descriptive statistics , government (linguistics) , agricultural science , economics , profitability index , mathematics , statistics , inequality , finance , mathematical analysis , linguistics , philosophy , environmental science , economic inequality , microeconomics
The study analyzed the marketing of maize in Irewole Local Government Area of Osun State and describes the socio-economic characteristics of maize marketers by determining the marketing margin, marketing cost, markup, operational efficiency as well as constraints faced by maize marketers in the area. Data used for the study were generated through the administration of structured questionnaire. A total of 120 respondents comprising of 40 maize wholesalers and 80 retailers, were randomly sampled from three purposively selected major maize markets. Descriptive statistics, Concentration Ratio, Gini Coefficient and Operational Efficiency Model were the analytical tools adopted for the study. The findings of the study revealed that maize marketing was efficient and profitable; N900 and N1200 per 100 kg bag for wholesalers and retailers, respectively in the study area. There also exists variation in marketing cost, marketing margin, marketing profit, and markup for both wholesale and retail maize markets. Gini Coefficients of 0.319 and 0.312 were obtained for wholesaler and retailer, respectively indicating high level of competition in the industry. Major problems facing both wholesalers and retailers are price uncertainty, high perishability of maize and seasonal nature of maize. However, insecurity and high capital requirement are considered as major constraints. It is therefore recommended that the challenges be alleviated to improve efficiency of maize market in the area.