Management, Vol. 4, Issue 2, Apr  2021, Pages 32-40; DOI: https://doi.org/10.31058/j.mana.2021.42003 https://doi.org/10.31058/j.mana.2021.42003

Economic Analysis of Wallnut Marketing in Oyigbo Local Government Area, Rivers State, Nigeria

Management, Vol. 4, Issue 2, Apr  2021, Pages 32-40.

DOI: https://doi.org/10.31058/j.mana.2021.42003

Unaeze Henry Chiaka 1* , Akah Chinwendu Blessing 1

1 Department of Agricultural Economics and Extension, Faculty of Agriculture, University of Port Harcourt, Port Harcourt, Nigeria

Received: 7 September 2020; Accepted: 31 October 2020; Published: 16 February 2021

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Abstract

The study examined the economic analysis of walnut marketing in Oyigbo Local government area of Rivers State, Nigeria. A total of sixty respondents were drawn using purposive and random sampling technique from the three communities in the study area. Data were generated using structured questionnaire and interview schedule method. Descriptive statistics and gross margin analysis were used in data analysis. Percentage was used to describe the socioeconomic variables, marketing channels and constraints encountered by walnut marketers while gross margin were used to determine the Profitability. Results from the study revealed that majority of the marketers (6l.7%) were female and have average mean age of 49 years. The marketing experience was 12 years and majority of the marketers source their walnut from iterant buyers. The profitability test shows that gross margin was N66, 480.73. It was observed that high rate of perishability; inadequate storage facilities and high transportation cost were their major constraints affecting walnut marketing in the study area. Based on the fact that walnut marketing is profitable. It is recommended, that government and Non-governmental organizations should setup projects that will improve on the species and make available modern facilities for storing and processing walnut. Farmers should be encouraged to grow walnut in this part of the region in order to minimize cost and maximize its benefits efficiently.

Keywords

Economic Analysis, Walnut, Marketing Oyigbo, Rivers State

Copyright

© 2017 by the authors. Licensee International Technology and Science Press Limited. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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