Evaluation Of Demand For Soybean Products (Soybean Flour, Soybean Oil And Soybean Milk) In Aba North Local Government Area Of Abia State:- Obi, Chinomso .K.
ABSTRACT
This research examined the demand
for soybean products in Aba North Local Government Area of Abia State Nigeria.
The study used stratified random technique to select 60 respondents. The result
of regression analysis using exponential regression functions as the lead
equation showed that the own price, cross price and monthly income do not
influence the quantity of soybean product demanded or consumed. The result of
price and income elasticity of demand indicated that soybean products (soybean
oil, flour and milk) are perfectly inelastic to the changes in price but is
relatively elastic to change in income. However, the result on problems
indicated that 50% of soybean consumers had the problem of acceptance by
households, for the products, while 41:67%, of the respondent said that
consumption was synonymous with poverty. Meanwhile, 33.33% and 25% experienced
low patronage and high price of the products respectively. It is recommended
that there should be increased awareness on the nutritional content of the
soybean product which should be embarked by the general public through
trainings such as seminars, workshops and other formal educational means which
will help in enhancing the acceptability of the product by consumers. The
government should create jobs or subsidize the cost of production in order to
make the product accessible to all, so as to meet its demand by creating
conducive environment for processing. There should be a conducive environment
for the production and enough market outlets where the products can be made
available to the consumers by creating credit facilities.
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CHINOMSO, K (2023). Evaluation Of Demand For Soybean Products (Soybean Flour, Soybean Oil And Soybean Milk) In Aba North Local Government Area Of Abia State:- Obi, Chinomso .K.. Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-demand-for-soybean-products-soybean-flour-soybean-oil-and-soybean-milk-in-aba-north-local-government-area-of-abia-state-obi-chinomso-k-7-2
KENNETH, CHINOMSO. "Evaluation Of Demand For Soybean Products (Soybean Flour, Soybean Oil And Soybean Milk) In Aba North Local Government Area Of Abia State:- Obi, Chinomso .K." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 17 Oct. 2023, https://repository.mouau.edu.ng/work/view/evaluation-of-demand-for-soybean-products-soybean-flour-soybean-oil-and-soybean-milk-in-aba-north-local-government-area-of-abia-state-obi-chinomso-k-7-2. Accessed 23 Nov. 2024.
KENNETH, CHINOMSO. "Evaluation Of Demand For Soybean Products (Soybean Flour, Soybean Oil And Soybean Milk) In Aba North Local Government Area Of Abia State:- Obi, Chinomso .K.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 17 Oct. 2023. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-demand-for-soybean-products-soybean-flour-soybean-oil-and-soybean-milk-in-aba-north-local-government-area-of-abia-state-obi-chinomso-k-7-2 >.
KENNETH, CHINOMSO. "Evaluation Of Demand For Soybean Products (Soybean Flour, Soybean Oil And Soybean Milk) In Aba North Local Government Area Of Abia State:- Obi, Chinomso .K." Repository.mouau.edu.ng (2023). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-demand-for-soybean-products-soybean-flour-soybean-oil-and-soybean-milk-in-aba-north-local-government-area-of-abia-state-obi-chinomso-k-7-2