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ABSTRACT
Yam prices in Nigeria have experienced significant increase. These market price fluctuations of yam introduce uncertainty and challenge consumers in maintaining consistent access to this vital food, resulting in food insecurity and compromised nutrition. The study was undertaken to examine price variation of yam among markets in Benin metropolis of Edo State, Nigeria. To achieve this, the specific objectives of the study were to describe the socio-economic characteristics of yam commodity marketers, examine the price variation of yam in the markets of Benin Metropolis examine the yam commodity differential among markets in Benin Metropolis, and determine the transportation cost. A two-stage sampling procedure was used to select 58 respondents from four markets for the study area. Data collected were analyzed using both descriptive and inferential statistics.
The results of the descriptive statistics showed that the yam marketers were mostly female, with higher proportion married (70.69%) with an average age of fourty-eight (48) years and mean household size of four (4). They had an average of fourteen (14) years marketing experience and had an average of six (6) market visits. The result also shows that Uselu Market has the highest price (₦1517.65) and New Benin Market has the least price (₦1163). Variation was highest in Uselu Market (50%) and least in Santana Market (31%).
The study also established that the differences in the price of yam among markets in Benin Metropolis are not significant. Finally, the result indicated that the least transportation cost is from Oba Market to New Benin Market and vise-versa (₦200), while the highest transportation cost is from Uselu Market to Santana Market (₦700). In conclusion, the price of the yam had spatial price variation among markets in Benin Metropolis. Uselu Market has the highest price variation while Santana market has the lowest price variation.
