Profitability of Cashew Nut Marketing in Oyo State, Nigeria

Ajibola Olajide Ojedokun, Kehinde Yewande Ogunleye and Bumaa ADELOWO Idris
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Ajibola Olajide Ojedokun: Department of Agriculture, Lagos State University, Epe Campus, Lagos State, Nigeria
Kehinde Yewande Ogunleye: Department of Agricultural Extension, Ladoke Akintola University of Technology, Ogbomoso, Osun State, Nigeria
Bumaa ADELOWO Idris: Department of Agricultural Extension, Ladoke Akintola University of Technology, Ogbomoso, Osun State, Nigeria

International Journal of Research and Scientific Innovation, 2020, vol. 7, issue 5, 01-05

Abstract: The study was conducted to evaluate the profitability of cashew nut marketing in Oyo State, Nigeria. The study used primary data which was collected from a total of one hundred and twenty marketers using simple random sampling technique. The data were analysed using descriptive statistics, budgetary analysis and multiple regression analytical technique. The study showed that marketing of cashew nut is productive and profitable. The study also revealed that marketing costs, selling price, purchase price, quantity of cashew nut purchased and transportation costs significantly influenced cashew nut marketing. The study thus recommended that adequate transportation should be provided by government and the existing roads should be refurbished to minimize transportation costs.

Date: 2020
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