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Spatial Pricing Efficiency of Rice Marketing in North Central, Nigeria

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  • Ojo, Olanike
  • Ojo, Akindele
  • Tsado, Jacob

Abstract

This study examined the spatial pricing efficiency of rice marketing in North central, Nigeria. Data collection involved the use of primary data and a multi-stage random sampling technique was used the selection of 200 marketers. Data analytical techniques involved the use of descriptive statistics, the model of spatial price relationship as well as Ordinary Least Square (OLS) regression model. The results on spatial pricing efficiency revealed that consumers were void of exploitative behavior of middlemen in most of the markets. The result on the factors affecting rice prices showed the estimated R2 for Kwara and Niger States of 98.3% and 42%, respectively. The main constraint facing rice marketing in the area was cost of transportation. Based on these results, it is recommended that the negative price spread in Owode market should gear up the local government authorities in the provision of more market outlets in Owode market.

Suggested Citation

  • Ojo, Olanike & Ojo, Akindele & Tsado, Jacob, 2015. "Spatial Pricing Efficiency of Rice Marketing in North Central, Nigeria," 2015 Conference, August 9-14, 2015, Milan, Italy 212595, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae15:212595
    DOI: 10.22004/ag.econ.212595
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    Keywords

    Agricultural and Food Policy; Financial Economics;

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