ANALYSIS OF MARKET MARGINS AND MARKETING EFFICIENCY IN THE SOYBEAN SUPPLY CHAIN: EVIDENCE FROM BARUTEEN LGA, KWARA STATE
Journal Title: Malete Journal of Accounting and Finance - Year 2024, Vol 4, Issue 2
Abstract
Soyabean is produced mainly in small holder farms in Baruteen LGA of Kwara State, but the soybean marketers in Baruteen are faced with a lot of challenges ranging from high transaction costs, fluctuations in soybeans prices, limited storage capacity, access to credit, down to inadequate distribution networks. This making profit maximization difficult. This study examines the market margin and efficiency of wholesaler soybean supply chain in Baruteen, Nigeria. Data for study were obtained from primary sources with the aid of a well-structured questionnaire. The study used cost-benefit analysis to estimate market margin and marketing efficiency of soybeans. Our results show that an average of 17.5bags were sold by marketers at every market day with average profit margin per marketer of â¦5,188, and a market margin of 33.14%. However, the marketing efficiency of soybean in the area is relatively low, at 15.37%. These findings suggest that while the sales of soybeans are profitable in Baruteen, there are inefficiencies in the marketing channel that need to be addressed in order to improve the performance of the soybean marketers. The study recommends strategies to improve marketing efficiency, such as reducing transaction costs, improving market access, and enhancing the productivity of soybean marketers.
Authors and Affiliations
Hussaina Ummikhanni Mahmud,Nofiu Babatunde Nofiu,Aisha Mohammed Lafia,
Keywords
Related Articles
- EP ID EP745095
- DOI -
- Views 1
- Downloads 0
INTERNAL AUDIT EFFICIENCY AND PUBLIC SECTOR PERFORMANCE: A STUDY OF SELECTED MDAs IN KWARA STATE
The challenges of preventing corrupt practices, the necessity for the advancement of good governance, and the need for the assurance of accountability and transparency necessitated sound internal audit practice. Thus, th...
EFFECT OF WORKING CAPITAL MANAGEMENT ON FIRM’S VALUE: EVIDENCE FROM LISTED PHARMACEUTICAL FIRMS IN NIGERIA
Effective working capital management is crucial for the success and sustainability of listed pharmaceutical firms in Nigeria. The study examined the working capital management on firm’s value: evidence from listed pharm...
AUDIT ATTRIBUTES AND FINANCIAL REPORTING QUALITY OF NIGERIAN DEPOSIT MONEY BANKS: THE MODERATING EFFECT OF GOING CONCERN
The moderating effect of going concern on the influence of audit attributes on the financial reporting quality of listed Nigerian banks was examined in this study. An ex-post facto research design was employed on a popul...
CUSTOMER RELATIONSHIP MANAGEMENT TOOLS AND ORGANIZATIONAL PERFORMANCE OF COMMERCIAL BANKS IN SOUTHWEST, NIGERIA
The purpose of the study was to examine the extent at which customer relationship management tools influence the organizational performance of commercial banks in Southwest, Nigeria. The study was carried out using the d...
FIRM CHARACTERISTICS AND DISCRETIONARY CASH FLOW IN LISTED OIL AND GAS FIRMS IN NIGERIA
The increasing prevalence of earnings management in Nigerian companies indicates that this practice is quickly becoming a significant issue for stakeholders. Discrepancies in accounting data are concerning, and the poor...