Analysis of Market Integration and Price Variation in Rice Marketing in Osun State, Nigeria

Emokaro, C. O.; Ayantoyinbo, A. A.

doi:10.9734/ajea/2014/7639

Cited by 12 publications

(6 citation statements)

References 9 publications

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“…This could be due to the flow of information regarding prevailing prices between and among the markets through the use of mobile phones and speculation. This result agrees with that of Emokaro and Ayantoyinbo (2014) which reported high correlation coefficient of rice in Osun State, with the coefficient of variation results as Osogbo 38.2%, Erin 36.0% and Telemu 40.3%, respectively.…”

Section: Price Variability Of Average Retail Prices Of Rice In Rural ...supporting

confidence: 92%

Analysis of Price Stability of Rice and Co-Movement in Urban Markets in Niger State, Nigeria

Yunusa¹,

Lawal²,

Rahji³

et al. 2022

JASD

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The aim of the study was to examine the economic impact of price stability of rice in Niger State, Nigeria. The study determined the relationship between and among rice prices in the study area. One urban market and three rural markets were purposively selected from each of the three (3) agricultural zones. Secondary data on monthly rural and urban retail prices of local rice were used. The data were sourced from Niger State Agricultural Mechanization Development Authority (NAMDA). The time series data covered the period 2009 to 2018. The study utilized coefficients of variation (CVs) and correlation coefficients to determine price dispersion and behavior of local rice in selected markets of Niger State. The coefficients of variation of the prices of rice indicate that all CVs are less than 100% which showed that the prices cluster around the mean price. Also, the correlation coefficients of retail prices of rice in the urban markets of Bida and Kontagora showed high and significant correlation. It indicates a high co-movement of prices of rice between the two urban markets. No correlation between Bida and Minna. This implies that as price increases in one market, it increases in the other markets. It can be inferred from the result that there was positive correlation among the two urban markets of Bida and Kontagora (0.85). and no significant correlation between Bida and Minna, repectively. The study recommended efficient dissemination of market information on the prevailing rice prices and provision of market infrastructures such as road network.

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Section: Price Variability Of Average Retail Prices Of Rice In Rural ...supporting

confidence: 92%

Analysis of Price Stability of Rice and Co-Movement in Urban Markets in Niger State, Nigeria

Yunusa¹,

Lawal²,

Rahji³

et al. 2022

JASD

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“…Many studies have demonstrated that the LOP is valid in the context of market integration, including those of Mohanty et al (Mohanty, Meyers, & Smith, 1999), Muwanga and Snyder (Muwanga & Snyder, 1997), Katrakilidis (Katrakilidis, 2008), Elberg (Elberg, 2015), Baquedano and Liefert (Baquedano & Liefert, 2014), Ravallion (Ravallion, 1985), Sekhar (Sekhar, 2012), Zhou and Koemle (Zhou & Koemle, 2015), and Xu et al (Xu, Dong, LI, & LI, 2011). In the rice market, price integration is supported by many studies, such as those of Emokaro and Ayantoyinbo (Emokaro & Ayantoyinbo, 2014), and Ohen and Abang (Ohen & Abang, 2011).…”

Section: Introductionmentioning

confidence: 92%

Integration of Rice Prices at Producer, Wholesaler, and Urban and Rural Consumer Markets with Paddy Prices at the Farm Gate

Makbul

Ratnaningtyas

Pradono

2019

ABR

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In this study, we analyzed the integration of rice prices at the producer, wholesaler, and urban and rural consumer markets with paddy prices at the farm gate, which has important implications for rice pricing policy. A high price policy can lead to high paddy prices, and thereby increase the profits of paddy farms. Although this policy can generally ensure food security, it may have the effect of decreasing rice consumption. A high-price rice policy can, nevertheless, be beneficial if rice prices are sufficiently well integrated with paddy prices, which can simultaneously enhance paddy farm profits and ensure domestic food security. For the purposes of this study, we examined monthly price data obtained from the Central Bureau of Statistics of Indonesia for the period from January 2013 to December 2016. Using this data, we applied an error correction model (ECM) to integrate the rice prices at the producer, wholesaler, and urban and rural consumer markets with paddy prices at the farm gate. The results showed that producer, wholesaler, and rural consumer market rice prices were significantly integrated with paddy prices at the farm gate. Moreover, if necessary, the government can intervene in these markets to stabilize paddy prices to maintain food security.

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“…With regards to causality of market prices, objective ii was achieved by the use of Granger causality test to determine the lead market between rural and urban markets that is the direction in which the price is moving. The Granger model for the study as adopted from Izekor et al (2016) is represented as:…”

Section: Methods Of Data Analysismentioning

confidence: 99%

Price Dynamics of Local and Imported Rice in Rural and Urban Markets of Lagos State, Nigeria

Bako¹,

Ibrahim²,

Adebayo³

et al. 2021

JASD

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The study aimed at analyzing price dynamics of local and imported rice in Lagos State Nigeria. Analytical tools employed in the study include unit root test, Granger causality test and index of market concentration (IMC). The result revealed that all the price series became stationary after 1st differencing with an order of integration of I(1), implying that the prices of both local and imported rice in rural and urban markets were trending upwards in an irregular pattern. The Granger causality test result revealed a bi-directional causality relationship between all the price pairs as the null hypothesis was rejected at P≤0.01 level of probability. The IMC result shows a value of 2.795 and 2.581 for local and imported rice, respectively, indicating low short run relationship among. The study concluded that there is a feedback relationship between rural and urban market and existence of short run relationship between the markets in the study area. It was recommended that the flow of information should be enhanced between spatially separated markets and also firm policies should be implemented on prices to minimized irregularities in rice prices across board.

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Analysis of Market Integration and Price Variation in Rice Marketing in Osun State, Nigeria

Cited by 12 publications

References 9 publications

Analysis of Price Stability of Rice and Co-Movement in Urban Markets in Niger State, Nigeria

Analysis of Price Stability of Rice and Co-Movement in Urban Markets in Niger State, Nigeria

Integration of Rice Prices at Producer, Wholesaler, and Urban and Rural Consumer Markets with Paddy Prices at the Farm Gate

Price Dynamics of Local and Imported Rice in Rural and Urban Markets of Lagos State, Nigeria

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