Analysis of Marketing Channel and Pricing System of Cashewnuts in the North Central of Nigeria

Adejo, P. E.; Otitolaye, J.O.; Onuche, U

doi:10.5539/jas.v3n3p246

Cited by 6 publications

(5 citation statements)

References 1 publication

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“…Other challenges were high cost of transportation 3.86, bad road with a mean score of 3.86, high purchasing price with an average score of 3.44, theft with a mean score of 3.84, levies on shop/site with a mean score of 3.05 and inadequate capital with an average of 2.71. Adejo et al (2011) and Akintonde et al (2013) agree with these findings.…”

Section: Constraints Militating Against Cashew Nut Marketing In the S...supporting

confidence: 52%

“…Inadequate information on the marketing of some food crops is a major factor to the problem of unorganized food commodity markets in Nigeria (Adejo et al, 2011). The authors observed that cashew nut marketing is highly affected by price instability due to seasonality nature of the crops production coupled with unavailability of storage and processing equipment.…”

Section: Introductionmentioning

confidence: 99%

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Economic analysis of cashew nut marketing in Udi Local Government Area, Enugu State, Nigeria

Ibe,

Okoh,

Arua

et al. 2023

Agro-Sci.

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Cashew nut (Anacardium occidentale L) is one of the most essential and major cash crops produced in Nigeria. This research, therefore, explored the economics of cashew nuts marketing in Udi Local Government Area of Enugu State, Nigeria. Primary data were sourced from cashew nut marketers through the use of well-designed questionnaires. Sixty respondents were randomly selected from three main markets in the study area. Descriptive statistics and (OLS) multiple regression models were used to achieve the study objectives. Descriptive statistics and (OLS) multiple regression models were used to achieve the objectives. Wherefore the study identified the marketing channels, analysed the cost and returns of the enterprise, determined the socio-economic factors affecting the quantity of cashew nuts marketed, and ascertained the constraints associated with cashew nuts marketing in the study area. From the results, the market was dominated by males (65%), most of the respondents (51.7%) were between 21 and 40 years, and majority were married (81.7%). An average number of the marketers (50%) had secondary school education, while 31.7% and 18.7% had primary and higher education, respectively. Most of the marketers (63.3%) bought directly from farmers, while 26.7% purchased from wholesalers. Total revenue, gross profit, and net profit were respectively ₦651,627.00, ₦120,618.00, and ₦81,067.70, showing that the business is profitable. Respondents’ socioeconomic characteristics which significantly affected quantity of cashew nut marketed were age (p < 0.1), household size (p < 0.05), and membership to market association (p < 0.05). Major constraints were seasonality of produce, high cost of transportation, bad weather (rain), and inadequate capital. It was recommended that government should provide good road networks to ease transportation problem. The marketers should form cooperative societies to facilitate easy access to credits and other relevant resources.

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Section: Constraints Militating Against Cashew Nut Marketing In the S...supporting

confidence: 52%

Section: Introductionmentioning

confidence: 99%

Economic analysis of cashew nut marketing in Udi Local Government Area, Enugu State, Nigeria

Ibe,

Okoh,

Arua

et al. 2023

Agro-Sci.

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“…The return on investment of cashew ranges between 30 to 40 percent within 3-5 years of cultivation [3]; this shows that cashew farming is a profitable business. The average yield of the nuts of a mature cashew tree ranges from 7-11kg per annum [4]. The most relevant characteristics of cashew are sizes of the nut, tree height, apple colour, resistance to disease and nut yield [5].…”

Section: Introductionmentioning

confidence: 99%

Opportunities in Nigerian cashew nut value chain

Adesanya¹,

Agboola-Adedoja²,

Adelusi³

et al. 2021

World J. Adv. Res. Rev.

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The demand for cashew nuts is on the rise compared to other tree nuts due to the increase in consumption and utilization of cashew nut products and by-products, respectively. Data from FAO and Review of past literatures was used and this study evaluated the Nigerian cashew value chain as product moves along the stages. It gives information to intending individuals along the value chain. The activities of the actors in the cashew nut value chain are expected to generate employment opportunities for teeming Nigerian youth.

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“…Traits of importance in cashew are nut size, tree height, the colour of apple, disease resistance and nut yield (Aliyu et. al., 2008) with a mature tree producing a yield within the range of 7-11 kg per annum (Adejo et. al., 2011).…”

Section: Introductionmentioning

confidence: 99%

Perception of Job-Seeking Graduates in Oyo State Nigeria to Cashew Production

O.¹,

K.A.²,

A.B.³

et al. 2021

African Journal of Agriculture and Food Science

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Cashew is an important and commercially grown cash crop in Oyo state and Nigeria generally for its apple and most importantly the nuts. Cashew cultivation in recent years has experienced a yield decline due to few cashew farmers involved and moribund cashew trees. This paper aims to understand the perception of job-seeking graduates in Oyo state to cashew production and proffer recommendations that will help in promoting their participation. Some selected areas were considered in Oyo state and data were collected using a questionnaire on socio-demographic characteristics of the respondent, awareness on cashew tree and its importance, opinion of respondents to cashew farming, perception of respondents to money-making opportunities in cashew production and categorization of the respondents based on their level of perception. 270 respondents were considered in the survey. Data were analyzed using the SPSS statistical package. Results showed that 45.5% of the unemployed graduates were between the ages of 30-34 years. The study also showed that 90.7% know the economic importance of cashew while 89.3% know cashew farming as profitable. Farming ventures interest 73.3% of the unemployed graduates while 66.7% would want to venture into cashew farming. 52.2% of the job-seeking graduates had a favourable level of perception about cashew production. The perception of the job-seeking graduates is satisfactory as the favourability of their level of perception to cashew production is a little above average. Feasible loans or grants should be made available and easily accessible to job-seeking graduates to promote their involvement in cashew farming.

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Analysis of Marketing Channel and Pricing System of Cashewnuts in the North Central of Nigeria

Cited by 6 publications

References 1 publication

Economic analysis of cashew nut marketing in Udi Local Government Area, Enugu State, Nigeria

Economic analysis of cashew nut marketing in Udi Local Government Area, Enugu State, Nigeria

Opportunities in Nigerian cashew nut value chain

Perception of Job-Seeking Graduates in Oyo State Nigeria to Cashew Production

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