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Spatial Price Analysis Of Tomatoes In Nigeria

Author

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  • K. O. Adenegan
  • I.B. Adeoye
  • I. Ibidapo

Abstract

The study examined market integration in tomato markets in selected producing and consuming states in Nigeria. Secondary data on tomato prices spanning 2003 –2006 were sourced from National Bureau of Statistics. The data were analyzed using Augmented Dicker Fuller (ADF) and Granger Causality tests. Results indicated that the maximum tomato price was recorded in Ekiti in November, 2006 while the minimum price was recorded in Kano state in August, 2006. The results also revealed that prices of tomato were not stationary in their level form but become stationary at the first difference level. Seven tomato markets rejected their respective null hypothesis of no granger causality. None of the markets exhibited bi -directional granger causality or simultaneous feedback relationships Seven markets exhibited uni -directional granger causality. The results also indicated that Ekiti and Katsina states occupy the leadership position in tomato price formation and transmission. We recommend there should be efficient flow of information and good access road and infrastructural development among the states to improve market performance.

Suggested Citation

  • K. O. Adenegan & I.B. Adeoye & I. Ibidapo, 2012. "Spatial Price Analysis Of Tomatoes In Nigeria," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 5(2), pages 31-38.
    • Handle: RePEc:ibf:ijmmre:v:5:y:2012:i:2:p:31-38
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    References listed on IDEAS

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    1. Abdul Ghafoor & Khalid Mustafa & Khalid Mushtaq & Abedullah, 2009. "Cointegration and Causality: An Application to Major Mango Markets in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 14(1), pages 85-113, Jan-Jun.
    2. P. J. Dawson & P. K. Dey, 2002. "Testing for the law of one price: rice market integration in Bangladesh," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(4), pages 473-484.
    3. Uchezuba, David Ifeanyi, 2005. "Measuring market integration for apples on the South African fresh produce market: a threshold error correction model," Master's Degree Theses 28065, University of the Free State, Department of Agricultural Economics.
    4. Lajos Zoltán Bakucs & Imre Fertõ, 2005. "Marketing margins and price transmission on the Hungarian pork meat market," Agribusiness, John Wiley & Sons, Ltd., vol. 21(2), pages 273-286.
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    Cited by:

    1. Julio César Alonso Cifuentes & Mar�a Fernanda Bonilla L�pez, 2018. "Integración espacial en el mercado de la guayaba pera en el Valle del Cauca," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 37(74), pages 471-494.
    2. Obetta, A. E. & Achike, A. I., 2023. "Analysis of Price Instability and Determinants of Price Difference of Tomato in Nigeria," Nigerian Agricultural Policy Research Journal (NAPReJ), Agricultural Policy Research Network (APRNet), vol. 10(01), June.

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    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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