ANALYSIS OF MARKET MARGINS AND MARKETING EFFICIENCY IN THE SOYBEAN SUPPLY CHAIN: EVIDENCE FROM BARUTEEN LGA, KWARA STATE
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 distributio...
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| Format: | Article |
| Language: | English |
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Kwara State University, Malete Nigeria
2024-10-01
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| Series: | Malete Journal of Accounting and Finance |
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| Online Access: | https://majaf.com.ng/index.php/majaf/article/view/152 |
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| _version_ | 1823857144561139712 |
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| author | Hussaina Ummikhanni Mahmud Nofiu Babatunde Nofiu Aisha Mohammed Lafia |
| author_facet | Hussaina Ummikhanni Mahmud Nofiu Babatunde Nofiu Aisha Mohammed Lafia |
| author_sort | Hussaina Ummikhanni Mahmud |
| collection | DOAJ |
| description |
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 ₦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.
|
| format | Article |
| id | doaj-art-8d90b03fb892457f8309468ad10b44d3 |
| institution | Kabale University |
| issn | 2735-9603 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Kwara State University, Malete Nigeria |
| record_format | Article |
| series | Malete Journal of Accounting and Finance |
| spelling | doaj-art-8d90b03fb892457f8309468ad10b44d32025-02-11T23:08:08ZengKwara State University, Malete NigeriaMalete Journal of Accounting and Finance2735-96032024-10-0142ANALYSIS OF MARKET MARGINS AND MARKETING EFFICIENCY IN THE SOYBEAN SUPPLY CHAIN: EVIDENCE FROM BARUTEEN LGA, KWARA STATEHussaina Ummikhanni Mahmud0Nofiu Babatunde Nofiu1Aisha Mohammed Lafia2Kwara State University, MaleteUniversiti Sains Malaysia, 11800, Penang, MalaysiaKwara State University, Malete 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 ₦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. https://majaf.com.ng/index.php/majaf/article/view/152Soybean marketingMarket MarginSupply chain |
| spellingShingle | Hussaina Ummikhanni Mahmud Nofiu Babatunde Nofiu Aisha Mohammed Lafia ANALYSIS OF MARKET MARGINS AND MARKETING EFFICIENCY IN THE SOYBEAN SUPPLY CHAIN: EVIDENCE FROM BARUTEEN LGA, KWARA STATE Malete Journal of Accounting and Finance Soybean marketing Market Margin Supply chain |
| title | ANALYSIS OF MARKET MARGINS AND MARKETING EFFICIENCY IN THE SOYBEAN SUPPLY CHAIN: EVIDENCE FROM BARUTEEN LGA, KWARA STATE |
| title_full | ANALYSIS OF MARKET MARGINS AND MARKETING EFFICIENCY IN THE SOYBEAN SUPPLY CHAIN: EVIDENCE FROM BARUTEEN LGA, KWARA STATE |
| title_fullStr | ANALYSIS OF MARKET MARGINS AND MARKETING EFFICIENCY IN THE SOYBEAN SUPPLY CHAIN: EVIDENCE FROM BARUTEEN LGA, KWARA STATE |
| title_full_unstemmed | ANALYSIS OF MARKET MARGINS AND MARKETING EFFICIENCY IN THE SOYBEAN SUPPLY CHAIN: EVIDENCE FROM BARUTEEN LGA, KWARA STATE |
| title_short | ANALYSIS OF MARKET MARGINS AND MARKETING EFFICIENCY IN THE SOYBEAN SUPPLY CHAIN: EVIDENCE FROM BARUTEEN LGA, KWARA STATE |
| title_sort | analysis of market margins and marketing efficiency in the soybean supply chain evidence from baruteen lga kwara state |
| topic | Soybean marketing Market Margin Supply chain |
| url | https://majaf.com.ng/index.php/majaf/article/view/152 |
| work_keys_str_mv | AT hussainaummikhannimahmud analysisofmarketmarginsandmarketingefficiencyinthesoybeansupplychainevidencefrombaruteenlgakwarastate AT nofiubabatundenofiu analysisofmarketmarginsandmarketingefficiencyinthesoybeansupplychainevidencefrombaruteenlgakwarastate AT aishamohammedlafia analysisofmarketmarginsandmarketingefficiencyinthesoybeansupplychainevidencefrombaruteenlgakwarastate |