Efficiency of Soybean Markets in Malawi: Structure, Conduct and Performance Approach
Wisdom Madede Nzima, Joseph Dzanja

Abstract
This study explores and assesses efficiency soybean markets in Malawi using structure, conduct and performance approach. Specifically, the study analyses soybean marketing systems, profitability, production and soybean marketing and production constraints. Smallholder farmers and traders involved in soybean were interviewed. Using time series price data, the spatially distinct soybean markets were also examined. The results show five profitable marketing channels with minimal value addition. Most of the marketing channels are inefficient. Quantity of seed used is the significant factor affecting soybean production. The markets are weakly integrated and segmented with a few sellers. The study highlights the need for strengthened research-extension-farmer linkage, strengthened farmer-agro dealer/seed company linkages, organised soybean seed system, improved roads to production areas; improved and affordable technologies on production and value addition; and vibrant farmer organizations.

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