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Analysis of Price Instability and Determinants of Price Difference of Tomato in Nigeria

Obetta, A. E.; Achike, A. I.
2023
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Title
Analysis of Price Instability and Determinants of Price Difference of Tomato in Nigeria
Keywords
This study analysed price instability and price difference of tomato in Nigeria. Specifically, the study determined the degree of instability of prices of tomato; measured the speed of tomato price adjustment process to the long-term multipliers; and examine tomato price differences and their drivers in Nigeria. This study employed time series data on monthly prices per kilogram of fresh tomato in different states from January 2016 to December 2020 obtained from the National Bureau of Statistics (NBS). Descriptive statistics, Cuddy-Della Valle index and fully modified least square were used to achieve the objectives of the study. The results revealed that Cross River state had the highest tomato price in Nigeria followed by Rivers state and Lagos state. While tomato price in Bauchi was the cheapest in Nigeria followed by Taraba state and Kaduna states. The value of the Cuddy Della Valle index of 89.22 shows that the tomato prices across Nigerian markets were highly unstable. The absolute tomato price difference in Nigeria tomato markets was N156 per one kilogram of tomato. The fully modified least square result revealed that population, distance and transportation cost had a positive and significant influence on tomato price differences while self-sufficiency and telephone had a negative and significant effect on tomato prices difference in Nigeria. To reduce the instability in tomato markets and reduce the price difference, there is a need for effective and mukquate means of transporting tomato from the producing states to the demanding states.
Author(s)
Obetta, A. E.
Achike, A. I.
Subject(s)
Issue Date
Jun 12 2023
Publication Type
Journal Article
Digital Object Identifier
https://doi.org/10.22004/ag.econ.343403
Record Identifier
https://ageconsearch.umn.edu/record/343403
ISSN
2545-5745
Language
English
Published in
Nigerian Agricultural Policy Research Journal (NAPReJ)
Volume
10
Issue
01
Page Range
77 - 84
Record Appears in
Nigerian Agricultural Policy Research Journal (NAPReJ)

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