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Profitability Index of Dates (Phoenix dactylifera Linn.) Trade Among Wholesalers in Kano State, Nigeria
Current Issue
Volume 3, 2015
Issue 5 (October)
Pages: 161-166   |   Vol. 3, No. 5, October 2015   |   Follow on         
Paper in PDF Downloads: 35   Since Sep. 8, 2015 Views: 1088   Since Sep. 8, 2015
Authors
[1]
Obadimu O. O., Department of Forest Economics and Extension, Forestry Research Institute of Nigeria (FRIN), Ibadan, Oyo State, Nigeria.
[2]
Oluwalana S. A., Department of Forestry and Wildlife, Federal University of Agriculture Abeokuta, (FUNAAB) Abeokuta, Ogun State, Nigeria.
[3]
Momoh S., Department of Agricultural Economics, Federal University of Agriculture Abeokuta, (FUNAAB) Abeokuta, Ogun State, Nigeria.
Abstract
This study examined the profitability index of Dates trade among wholesales in Kano State Nigeria. A total of 30 questionnaires were distributed randomly in proportion to the total number of wholesalers in each of the purposively selected markets located in the State. Data collected were subjected to descriptive and inferential statistical analysis. The study indicated that over 97% of the respondents were in their productive years of age. Half (50%) of the respondents belong to the Hausa ethnic group. The highest form of educational qualification obtained by 66.67% of the respondents was primary school leaving certificate. The rest (33.33%) had either Quaranic education or no form of education at all. Most (70%) of the respondents were married and more than half (53.33%) of the respondents maintained a large family size of not less than five in number The study further revealed that an average of 6580kg of Dates was traded/month, the average cost price was 118.33/kg while the average selling price was 129.33/kg. Profitability indices such as; average revenue and average Net Income (NI) were estimated to be N799,680.00 and N673,591.71 respectively. The rate (534.22%) of return on investment was high. The regression result shows that Revenue, transportation cost, storage cost and loading and off-loading significantly affect Net Income (NI) while the calculated Gini-coefficient (GC) of 0.44 indicated that the market was dominated by a few marketers.
Keywords
Date Palm (Phoenix dactylifera), Dates, Profitability Index, Net Income, Wholesalers, Gini-coefficient
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