Determinants of Supply and Demand of African Star Apple (Chrysophyllum albidum) in Abeokuta North Local Government Area of Ogun State, Nigeria
Keywords:
Abeokuta, African Star apple, Chrysophyllum albidum, demand, supplyAbstract
The thrust of this paper was to determine the supply and demand for Chrysophyllum albidum in Abeokuta North Local Government Area of Ogun state Nigeria, with the view to establishing a causal relationship between selected factor variables that affect supply and demand. Primary data were gathered through the use of interview and semi structured questionnaire from marketers in Abeokuta North Local Government Area of Ogun State. Sampling techniques employed were purposive, systematic and availability. Descriptive statistics and regression analysis were employed in analyzing the generated data. The findings show that the factors considered in the model explained 61% of variation in quantity of C. albidum supplied in the area. The R2 value of 0.62 implied that the factors considered in the model explained 62% of variation in quantity of C. albidum demanded in the area. Analysis of variance was also applied to test the overall significance of the F-ratios. The ANOVA results show F-ratio of 13.97 for supply and 16.56 for demand of C. albidum respectively. Further, C. albidum was found to be of economic importance in the study area as an accomplishment before meals, in-between of after meals, as well as source of income and employment. Factors found to affect supply include prices, distance between production farms and market as well as previous years’ price. Market price and quality affected demand. It was recommended that supply of C. albidum needs to be stepped up in order to meet the demand for the crop. Further, transportation network should be improved for ease of moving fruits from farm to market.
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