Post-liberalization markets, export firm concentration, and price transmission along Nigerian cocoa supply chains

Joshua Olusegun Ajetomba

No 5, AGRODEP working papers from International Food Policy Research Institute (IFPRI)

Abstract: This study examines whether major Nigerian export firms exert market power over Nigerian cocoa farmers in the form of incomplete price transmission. A common indicator of efficient and functioning markets is the presence of a high level of market integration, while a lack of integration could be an indication of private traders’ market power. This study pays special attention to export firms’ pricing behavior in the post-liberalization period. Our analyses are based on (i) monthly firm-level price data from major Nigerian cocoa beans exporting companies and (ii) monthly farm gate prices between 1986 and 2009.

Keywords: cocoa beans; supply chains; exports; trade; prices; Nigeria; Africa; Sub-Saharan Africa; Western Africa (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:fpr:agrowp:5

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