Creating Sustainable Income through the Cashew Nuts Value Chain (Evidence from Ghana)
The study assessed the actors along the Cashew value chain and their influence in making the income derived from cashew sustainable. Primary data for the study were collected from 210 actors using a structured questionnaire. The gross margin and the Herfindahl-Hirschman Index (HHI) were used to dete...
Main Authors: | , , , , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Islamic Azad University
2021-08-01
|
Series: | Journal of Nuts |
Subjects: | |
Online Access: | http://ijnrs.damghaniau.ac.ir/article_683940_39f3835b62b43b060c49c646962fc588.pdf |
id |
doaj-e735d74997874f9392ece340ba10f8c2 |
---|---|
record_format |
Article |
spelling |
doaj-e735d74997874f9392ece340ba10f8c22021-08-22T03:59:49ZengIslamic Azad UniversityJournal of Nuts2383-319X2383-34162021-08-0112325327110.22034/jon.2021.1931764.1115683940Creating Sustainable Income through the Cashew Nuts Value Chain (Evidence from Ghana)Nicholas Oppong Mensah0Richmond Anaman1Kingsford Nyarko- Fordjour2Samuel Afotey Anang3Anthony Donkor4Jacqueline Twintoh5Department of Agricultural Department of Agricultural Economics, Agribusiness and Extension, University of Energy and Natural Resources, Sunyani, GhanaSchool of Metallurgy and Environment, Central South University, Changsha, ChinaKwame Nkrumah University of Science and Technology, Kumasi, GhanaDepartment of Agricultural Economics, Agribusiness and Extension, University of Energy and Natural Resources, Sunyani, GhanaDepartment of Agricultural Economics, Agribusiness and Extension, University of Energy and Natural Resources, Sunyani, GhanaForestry Commission, Kumasi, GhanaThe study assessed the actors along the Cashew value chain and their influence in making the income derived from cashew sustainable. Primary data for the study were collected from 210 actors using a structured questionnaire. The gross margin and the Herfindahl-Hirschman Index (HHI) were used to determine the revenue margin and market competitiveness (concentration) among the various actors along the cashew value chain. The results revealed that most of the actors were male and had between 6-10 years of experience in cashew production. Also, the actors’ resort to loans in financing their operations was an interest rate of 24%. Producers had the lowest net margin on revenue of 16.95%, and they indicated that fluctuation in pricing and bushfires were challenges faced in production. Purchasing clerks pointed out that inadequate storage facilities and the high cost of transportation were their challenges. Moreover, processors indicated that lack of government support, high interest on loans, and low demand for processed cashew nuts were their challenges. According to cashew nuts exporters, their significant challenges are high cost of transport and high cost of storage facilities. Furthermore, the Herfindahl-Hirschman index showed that the cashew industry in the study area was highly concentrated. The study recommended that government efforts should be focused on developing a cashew Development Board to enhance marketing and price regulation.http://ijnrs.damghaniau.ac.ir/article_683940_39f3835b62b43b060c49c646962fc588.pdfcollectorsexportersgross marginherfindahl-hirschman indexproducersvalue chain |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Nicholas Oppong Mensah Richmond Anaman Kingsford Nyarko- Fordjour Samuel Afotey Anang Anthony Donkor Jacqueline Twintoh |
spellingShingle |
Nicholas Oppong Mensah Richmond Anaman Kingsford Nyarko- Fordjour Samuel Afotey Anang Anthony Donkor Jacqueline Twintoh Creating Sustainable Income through the Cashew Nuts Value Chain (Evidence from Ghana) Journal of Nuts collectors exporters gross margin herfindahl-hirschman index producers value chain |
author_facet |
Nicholas Oppong Mensah Richmond Anaman Kingsford Nyarko- Fordjour Samuel Afotey Anang Anthony Donkor Jacqueline Twintoh |
author_sort |
Nicholas Oppong Mensah |
title |
Creating Sustainable Income through the Cashew Nuts Value Chain (Evidence from Ghana) |
title_short |
Creating Sustainable Income through the Cashew Nuts Value Chain (Evidence from Ghana) |
title_full |
Creating Sustainable Income through the Cashew Nuts Value Chain (Evidence from Ghana) |
title_fullStr |
Creating Sustainable Income through the Cashew Nuts Value Chain (Evidence from Ghana) |
title_full_unstemmed |
Creating Sustainable Income through the Cashew Nuts Value Chain (Evidence from Ghana) |
title_sort |
creating sustainable income through the cashew nuts value chain (evidence from ghana) |
publisher |
Islamic Azad University |
series |
Journal of Nuts |
issn |
2383-319X 2383-3416 |
publishDate |
2021-08-01 |
description |
The study assessed the actors along the Cashew value chain and their influence in making the income derived from cashew sustainable. Primary data for the study were collected from 210 actors using a structured questionnaire. The gross margin and the Herfindahl-Hirschman Index (HHI) were used to determine the revenue margin and market competitiveness (concentration) among the various actors along the cashew value chain. The results revealed that most of the actors were male and had between 6-10 years of experience in cashew production. Also, the actors’ resort to loans in financing their operations was an interest rate of 24%. Producers had the lowest net margin on revenue of 16.95%, and they indicated that fluctuation in pricing and bushfires were challenges faced in production. Purchasing clerks pointed out that inadequate storage facilities and the high cost of transportation were their challenges. Moreover, processors indicated that lack of government support, high interest on loans, and low demand for processed cashew nuts were their challenges. According to cashew nuts exporters, their significant challenges are high cost of transport and high cost of storage facilities. Furthermore, the Herfindahl-Hirschman index showed that the cashew industry in the study area was highly concentrated. The study recommended that government efforts should be focused on developing a cashew Development Board to enhance marketing and price regulation. |
topic |
collectors exporters gross margin herfindahl-hirschman index producers value chain |
url |
http://ijnrs.damghaniau.ac.ir/article_683940_39f3835b62b43b060c49c646962fc588.pdf |
work_keys_str_mv |
AT nicholasoppongmensah creatingsustainableincomethroughthecashewnutsvaluechainevidencefromghana AT richmondanaman creatingsustainableincomethroughthecashewnutsvaluechainevidencefromghana AT kingsfordnyarkofordjour creatingsustainableincomethroughthecashewnutsvaluechainevidencefromghana AT samuelafoteyanang creatingsustainableincomethroughthecashewnutsvaluechainevidencefromghana AT anthonydonkor creatingsustainableincomethroughthecashewnutsvaluechainevidencefromghana AT jacquelinetwintoh creatingsustainableincomethroughthecashewnutsvaluechainevidencefromghana |
_version_ |
1721200358803374080 |