Types of fish sold

Types of fish sold

There are various varieties of fish sold within the study area (rural communities), choices of fish are based on consumer’s preferences. The data collected reveal the species of fish demanded mostly by the consumer are Bonga (Ethmalosa frimbriata) 37.5% followed by mangala (Banji Mangala) 31.25%, next is Scomber (scomber japonctatus) 13.7%, stockfish (Gardusmorhua) 8.75%, sardine (Sardinella autita) 2.5%, and mackerel (Trachurus japoniaus) 2.5%. The last 3 species are demanded at low rate because for mackerel by come in big sizes and can’t be afforded by consumer and they do not have great taste unlike other species, catfish are not much in the rural markets so consumers do usually go for them, for sardine, they are sold as trys in large quantity so few consumers buy them to serve as additional ingredient.

The form they are sold

The data collected shows that fish sellers in the rural communities of Ebonyi State sell their product in various forms ranging from, Dried, Iced, Smoked, Fried, and those that sell in two forms both Dried and Smoked, smoked and iced form. The result gotten from the data shows that majority of the fish sellers within the study area sell their fish in dried form (42.5%), iced formed (20.25%), smoked fish (17.5%), those that sell in two forms (12.0%), and tried form 1.25%.

Source of fish Sold

The results generated from the data of the rural market survey presented in Table 3 shows that there are different sources of fish found  in the rural markets of Ebonyi State which including wholesalers 47.5%, cold room 32.5%, Retailers 12.5%, Both wholesalers and other sources 5%, and fishermen 2.5%. From these results it revealed that majority of the fish sellers in the rural communities of Ebonyi State source for their products from wholesalers.

Source of fund

The result generated from the data presented in Table 3 shows that the major source of fund for fish sellers within the study area are from personal savings 55%, Relatives and Friends 30%, Cooperatives, 7.5% and buying product or credit from trusted producer to pay back after selling the produce 7.5%.

No of villages visited and their names

Location
Name of market
L.G.A

Eke aba
Ebonyi North
Onueke
Eke Imoha
Ebonyi Central

Eke Oshiri
Ebonyi South
Okposi
Okposi
Ebonyi South
Amiach (Ezza)
Orie Egbe
Ebonyi Central
Amasiri
Orie Amasiri
Ebonyi South
Ohazara
Nkwo ugwulangwu
Ebonyi South
Ishieke
Ogbala Ishieke
Ebonyi North

Iboko
Ebonyi North
Unagboke
Edugu Unagboke Village
Ebonyi North

Abomege
Omega Echara
Ebonyi Central
No of responds per market

Name of market
Respondent
Eke aba
3
Eke Imoha
20
Eke Oshiri
10
Eke Okposi
10
Orie Egbe
7
Orie Asmasiri
7
Nkwo ugwulangwu
5
Obala Ishieke
3
Iboko
5
Adugu unagboke
3

Omege Echara
7
Total
80
Table 4

The gross margin for Bonga (Ethmalosa fimbriata) small size

The result of the analysis of gross margin for iced Bonga (Ethmalosa fimbriata) small sizes is presented below.

Variable cost
Amount
Cost of fish
585,600
Transportation
7,200
Rent
2880
Miscellaneous
19,200
Total variable cost (TVC)
614,880

Gross revenue

Revenue from selling

Small sizes of Bonga
920,000
Fish

Total Revenue (TR)
920,000
Source: Field survey, Dec, 2014.

 

Fixed cost
Amount
Knife
500
Table
1,200
Total fixed cost (TFC)
1770
The results from table 4, shows that the variable cost were computers as follows, cost of fish ( 585 600), transportation (N 7, 200), Rent (N2,880), Miscellaneous (N19.200) and this gives a total variable cost (TVC) of (614,880). The result shows also that gross revenue were computed as  revenue from selling  fish, which gives a total Revenue (TR) of (720,000) and the results  from fixed cost were: knife (N500), Table N1,200 and this gives a total fixed cost (TFC) of (N) 700 computed as follow: total revenue (TR) N 614, 880 which gives 105, 120. But profit ( ) was computed thus; gross margin (GM) 105, 120 minus total fixed cost (TFC) 1700 which gives 103, 420.

Therefore, the result gotten from table 4 shows that, the net profit (π) for selling of iced Bonga, (Ethmalosa fimbriata) gives N103, 420.

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