Analysis of food price movement in Nigeria: Focus on price behaviour in Oyo State
Market prices for rice, maize and gari, which account for 70% of the food commodities traded and consumed in Oyo State of Nigeria, were analysed for the period, 1968-1981. Retail market prices were found to follow a rapidly increasing trend. This led to a quantitative assessment of the probable infl...
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| Κύριοι συγγραφείς: | , |
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| Μορφή: | Online |
| Γλώσσα: | Αγγλικά |
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The Faculty of Agriculture Obafemi Awolowo University, Ile-Ife, Nigeria.
2020
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| Θέματα: | |
| Διαθέσιμο Online: | https://ija.oauife.edu.ng/index.php/ija/article/view/327 |
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| _version_ | 1810820066670804992 |
|---|---|
| author | LADIPO , O. O. OLUDIMU, O. L. |
| author_facet | LADIPO , O. O. OLUDIMU, O. L. |
| author_sort | LADIPO , O. O. |
| collection | OJS |
| description | Market prices for rice, maize and gari, which account for 70% of the food commodities traded and consumed in Oyo State of Nigeria, were analysed for the period, 1968-1981. Retail market prices were found to follow a rapidly increasing trend. This led to a quantitative assessment of the probable influences on price changes: Results on such influences show that last season's (immediate past) prices and the quantity of money supply (evidenced in per capita current income) have a major influence on the current level of prices. On this basis, policy recommendations were made with respect to satisfying consumers' demand especially regarding effort to make staple foods available at the right time and at reasonable prices. |
| format | Online |
| id | oai:ojs2.ija.oauife.edu.ng:article-327 |
| institution | My University |
| language | eng |
| publishDate | 2020 |
| publisher | The Faculty of Agriculture Obafemi Awolowo University, Ile-Ife, Nigeria. |
| record_format | ojs |
| spelling | oai:ojs2.ija.oauife.edu.ng:article-3272020-08-26T11:08:41Z Analysis of food price movement in Nigeria: Focus on price behaviour in Oyo State LADIPO , O. O. OLUDIMU, O. L. Food prices, Market prices, Price behaviour, Oyo State. Market prices for rice, maize and gari, which account for 70% of the food commodities traded and consumed in Oyo State of Nigeria, were analysed for the period, 1968-1981. Retail market prices were found to follow a rapidly increasing trend. This led to a quantitative assessment of the probable influences on price changes: Results on such influences show that last season's (immediate past) prices and the quantity of money supply (evidenced in per capita current income) have a major influence on the current level of prices. On this basis, policy recommendations were made with respect to satisfying consumers' demand especially regarding effort to make staple foods available at the right time and at reasonable prices. The Faculty of Agriculture Obafemi Awolowo University, Ile-Ife, Nigeria. 2020-08-26 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://ija.oauife.edu.ng/index.php/ija/article/view/327 Ife Journal of Agriculture; Vol. 7 No. 1 (1985): Ife Journal of Agriculture; 66-79 0331-6351 eng https://ija.oauife.edu.ng/index.php/ija/article/view/327/221 Copyright (c) 2020 Ife Journal of Agriculture |
| spellingShingle | Food prices, Market prices, Price behaviour, Oyo State. LADIPO , O. O. OLUDIMU, O. L. Analysis of food price movement in Nigeria: Focus on price behaviour in Oyo State |
| title | Analysis of food price movement in Nigeria: Focus on price behaviour in Oyo State |
| title_full | Analysis of food price movement in Nigeria: Focus on price behaviour in Oyo State |
| title_fullStr | Analysis of food price movement in Nigeria: Focus on price behaviour in Oyo State |
| title_full_unstemmed | Analysis of food price movement in Nigeria: Focus on price behaviour in Oyo State |
| title_short | Analysis of food price movement in Nigeria: Focus on price behaviour in Oyo State |
| title_sort | analysis of food price movement in nigeria focus on price behaviour in oyo state |
| topic | Food prices, Market prices, Price behaviour, Oyo State. |
| topic_facet | Food prices, Market prices, Price behaviour, Oyo State. |
| url | https://ija.oauife.edu.ng/index.php/ija/article/view/327 |
| work_keys_str_mv | AT ladipooo analysisoffoodpricemovementinnigeriafocusonpricebehaviourinoyostate AT oludimuol analysisoffoodpricemovementinnigeriafocusonpricebehaviourinoyostate |