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Journals / Alanya Akademik Bakış / 2019 / Cilt: 3 - Sayı: 2

Spatial Market Integration and Price Information Flow in Nigeria Markets: The case of Yam

Toyin Benedict AJİBADE
Opeyemi Eyitayo AYİNDE
Tahirou ABDOULAYE
Pages
181–200
Publication Date
2019-05-31
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Commodity association membership, linkage of traders-farm gates, active price seeking behaviours and improved Infrastructure are recommended to enhance market integration, serve price stabilization purpose and promote food affordability.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Price information cum transmission dynamics are driving factors in market integration mechanism.The role of price in transaction decisions is cogent with sustainability of agricultural activities hinged on system effectiveness.Nation targeting food security must have good grasp on functional food commodity pricing system.We designed the study to answer questions on market integration, explore existing relationship and market price responsiveness.Price collected over 52weeks from 24 markets were analysed.Markets were highly integrated however with highest prices in deficit zones.
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Key Findings & Data:With each market generating information from others by contemporaneous periods, markets clearly had superior price information flow.
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Conclusion & Impact:Commodity association membership, linkage of traders-farm gates, active price seeking behaviours and improved Infrastructure are recommended to enhance market integration, serve price stabilization purpose and promote food affordability.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Food price · market information · market integration

Abstract

Price information cum transmission dynamics are driving factors in market integration mechanism.The role of price in transaction decisions is cogent with sustainability of agricultural activities hinged on system effectiveness.Nation targeting food security must have good grasp on functional food commodity pricing system.We designed the study to answer questions on market integration, explore existing relationship and market price responsiveness.Price collected over 52weeks from 24 markets were analysed.Markets were highly integrated however with highest prices in deficit zones. With each market generating information from others by contemporaneous periods, markets clearly had superior price information flow. Commodity association membership, linkage of traders-farm gates, active price seeking behaviours and improved Infrastructure are recommended to enhance market integration, serve price stabilization purpose and promote food affordability.

Özet

Price information cum transmission dynamics are driving factors in market integration mechanism.The role of price in transaction decisions is cogent with sustainability of agricultural activities hinged on system effectiveness.Nation targeting food security must have good grasp on functional food commodity pricing system.We designed the study to answer questions on market integration, explore existing relationship and market price responsiveness.Price collected over 52weeks from 24 markets were analysed.Markets were highly integrated however with highest prices in deficit zones. With each market generating information from others by contemporaneous periods, markets clearly had superior price information flow. Commodity association membership, linkage of traders-farm gates, active price seeking behaviours and improved Infrastructure are recommended to enhance market integration, serve price stabilization purpose and promote food affordability.

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Cite This Article

AJİBADE, T. B., AYİNDE, O. E., ABDOULAYE, T. (2019). Spatial Market Integration and Price Information Flow in Nigeria Markets: The case of Yam. Alanya Akademik Bakış, Cilt: 3 - Sayı: 2, 181–200. https://ajindex.com/articles/457140

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