EXPLORING ECONOMIC OPPORTUNITIES IN SOME SELECTED SPICES ENTERPRISE IN ONDO STATE NIGERIA
This study explored the current economic issues and isolated constraints involved in the spice business in Ondo State, Nigeria. A quantitative research approach was used to elicit information from 60 randomly selected respondents through an individual interview schedule with the aid of a well-structured questionnaire. Data collected was explored using descriptive statistics, and budgetary and multiple regression analyses. The results showed that most (57%) respondents were male, and 87% were married with a mean household size of 7. Most (77%) had at least a primary education, and all of them were members of an association with the majority (78%) engaged in cooperative marketing of spices. Also, of the four selected spices, Aframomum melegueta, Piper guineese, Monodora myristica, Sylopia acthipea, only Aframomum melegueta was cultivated, others were gathered from the wild. The prominent constraints identified were the inability to propagate Piper guineese, Monodora myristica, and Sylopia acthipea; the lack of technology to harvest and dry Sylopia acthipea to meet the standard of the buyers; and the lack of access to high-value markets. The rate of return on investment was 0.98, and the factors that determine the profitability of the spice business included the level of education, household size, labor and value addition. Research efforts should be focused on the propagation of P. guineese, M. myristica, S. acthipea, the technology for drying and harvesting of S. acthipea, and capacity building on value addition to increase business profitability.
Spices, profitability, enterprise, constraints
Akinpelu, C. A., Adebayo, O. S., Adelaja, B. A., Adesegun, E. A., Aminu-Taiwo, R. B., Adeoye, I. B. (2011). An economic analysis of spices marketing in three selected states of Nigeria. Res. Crops, 12(3), 817–821.
Akinpelu, C. A., Salman, K. K. (2015). Demand for African Nutmeg and Scent Leaf Spice among Households in Imo State, Nigeria. J. Econ. Sust. Dev., 6(9). Retrieved from: www.iiste.org
Awasthi, K. K., Pandey, A. (2016). Utilization of Traditional Herbs, Spices, Seasoning and Condiments: A Case Study of the Preparation of “Buknu” in Selected Villages of Kanpur, Uttar Pradesh, India. Eur. J. Med. Plants, 14(1), 1–11.
Damanhouri, Z. A., Ahmad, A. (2014). A Review on Therapeutic Potential of Piper nigrum L. (Black Pepper): The King of Spices. Med Aromat Plants, 3, 3. http://dx.doi.org/10.4172/2167-0412.1000161.
De Milto, L., Fray, R. J. (2005). Nutmeg. In: J. L. Longe, Project gale encyclopedia of alternative medicine (vol. 13, pp. 1461–1463). Detroit: M I Thomson Gale.
Fasoriyo, S. (2015). The value of spices; Uses, nutritional and Health benefits. LAP LAMBERT Academic Publishing, Germany.
FAO (2011). Spices and herbs for home and market. Rome: Food and Agriculture Organization of the United Nations.
Mariyono, J. (2018). Profitability and Determinants of Smallholder Commercial Vegetable Production. Int. J. Veg. Sci., 24(3). DOI: 10.1080/19315260.2017.1413698
Nasri, H., Sahinfard, N., Rafieian, M., Rafieian, S., Shirzad, M., Rafieian-Kopaei, M. (2014). Turmeric: A spice with multifunctional medicinal properties. J. Herb. Med. Pharm., 3(1), 5–8. Retrieved Jan 16th 2019 from: https://www.researchgate.net/publication/285776797_Turmeric_A_spice_with_multifunctional_medicinal_properties
Olife, I. C., Onwualu, A. P., Uchegbu, K. I., Jolaoso, M. A. (2013). Status Assessment of Spice Resources in Nigeria. J. Biol. Agric. Health., 3(9), 12–18.
Prasad, W., Khamrui, K., Mandal, S., Badola, R. (2017). Anti-oxidative, physico-chemical and sensory attributes of burfi affected by incorporation of different herbs and its comparison with synthetic anti-oxidant (BHA). J. Food Sci. Tech., 54(12), 3802–3809.
Shinoj, P., Mathur, V. C. (2006). Analysis of Demand for Major Spices in India. Agric. Econ. Res. Rev., 19(2), 367–376.
Ulhan, S., Demurel, R., Asan, A., Baycu, C., Kinaci, E. (2006). Colonial and Morphological Characteristics of Some Microfungal Species Isolated from Agricultural Soils in Eskißehir Province (Turkey). Turk. J. Bot., 30, 95–104.
UNIDO and FAO (2005). Herbs, Spices and Essential Oils: Post-harvest Operations in Developing Countries. Retrieved from: https://open.unido.org/api/documents/4788781/download/HERB
Yashin, A., Yashin, Y., Xia, X,, Nemzer, B. (2017). Antioxidant Activity of Spices and Their Impact On Human Health: A Review. International Analytical Center of Zelinsky Institute of Organic Chemistry of Russian. Academy of Science, 119991.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
This journal permits and encourages authors to post items submitted to the journal on personal websites or institutional repositories both prior to and after publication, while providing bibliographic details that credit, if applicable, its publication in this journal.