Analysis of Cost and Returns of Palm Oil Marketing in Anambra State, Southeast, Nigeria.

Abstract

The study analyzed the cost and returns of palm oil marketing in Anambra State, Nigeria. Specifically, it described the socioeconomic characteristics of the respondents, examined marketing strategies and profitability of palm oil marketing. A multistage sampling method was used to select 120 respondents for this study.  Primary data were collected using a set of structured and pre – tested questionnaires. Statistical tools, including means, percentages, marketing margin and gross margin analysis. Results showed that majority 86% were females,  62% were within age range of 41 – 55,  67% were married, 100% had access to information, personal saving ranked as the highest source of finance,  return on investment was 1.48 and profit was N1, 492,000. In spite of dominance of  oil palm processing and marketing  activities in the State, there are no existing research information on the profitability of oil palm marketing in the area hence this study was necessitated  to fill the gap.