393303

Estimating the impact of price fluctuations on millet marketing in Yobe State, Nigeria

Article

Last updated: 20 Jan 2025

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Tags

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Abstract

The study examined the influence of price fluctuations in millet marketing in Yobe State, Nigeria. Specifically, it aimed to determine the factors influencing price variation in millet marketing, the coping strategies adopted, and the challenges encountered by the respondents. Data for the study were collected using a structured questionnaire administered to 157 respondents and analyzed using descriptive statistics and regression analyses. Multiple regression results revealed that the significant factors affecting price fluctuation in millet marketing include market information asymmetry (p < 0.01), unstable government policies (p < 0.05), and variations in quantities of product marketed (p < 0.01). Similarly, middlemen speculation (p < 0.01) and the demand-supply gap (p < 0.01) were statistically significant but negatively related to price fluctuation in millet marketing. The major coping strategies adopted by the respondents were regular and up-to-date market information and the provision of adequate storage facilities. The main problem faced by marketers was high transportation costs (80%) due to poor road networks and linkages. The study concludes that price fluctuation in millet marketing is challenging and inevitable but needs to be addressed through the concerted efforts of stakeholders. The research recommends that the feeder road network be reconstructed and maintained to curtail hindrances associated with transporting goods and services. Additionally, market information indices should be made available, accessible, and utilized to guide marketers

DOI

10.21608/ejar.2024.263300.1498

Keywords

price, Millet, marketing, Regression Analysis, Nigeria

Authors

First Name

Saheed

Last Name

Sanusi

MiddleName

Olakunle

Affiliation

Department of Agricultural Economics anf Extension, Federal University Gashua, Yobe State, Nigeria.

Email

sanusisaheed@yahoo.com

City

-

Orcid

0000-0002-0531-643X

Volume

102

Article Issue

4

Related Issue

51592

Issue Date

2024-12-01

Receive Date

2024-01-16

Publish Date

2024-12-01

Page Start

770

Page End

775

Print ISSN

1110-6336

Online ISSN

2812-4936

Link

https://ejar.journals.ekb.eg/article_393303.html

Detail API

http://journals.ekb.eg?_action=service&article_code=393303

Order

10

Type

Original Article

Type Code

1,041

Publication Type

Journal

Publication Title

Egyptian Journal of Agricultural Research

Publication Link

https://ejar.journals.ekb.eg/

MainTitle

Estimating the impact of price fluctuations on millet marketing in Yobe State, Nigeria

Details

Type

Article

Created At

20 Jan 2025