The objective guiding this systematic literature review was to assess the role of market efficiency in spices production. The study reviewed 44 international publications from ScienceDirect published from 2010 to 2023 that address the effect of access to market information on spices production, guided by PRISMA-2020 framework. Results from this systematic review suggest that market efficiency has a substantial influence on spice production; access to perfect market information has a significant and positive influence on spice production in majority of smallholder farmers. However, the impact of access to market information has varying magnitude among producers depending on geographical location; in this regard, various types of producers require different consideration with respect to this parameter. We therefore recommended dedicated support from relevant authorities to create a conducive infrastructure to enhance rapid access to market information by smallholder farmers.
Cite this paper
Kwesigabo, E. , Mohamed, S. and Sassi, A. (2025). The Role of Market Efficiency on Spices Production: A Systematic Literature Review. Open Access Library Journal, 12, e13834. doi: http://dx.doi.org/10.4236/oalib.1113834.
Gupta, S. (2022) Spices Market Research Report Information by Type (Garlic, Ginger, Turmeric, Cumin, Cinnamon, Pepper and Others). ID: MRFR/F-B/&N/1113-CR, 110 p.
World Bank (2022) International Bank for Reconstruction and De-velopment, East Africa Region Macroeconomics, Trade and Investment Global Practice. Tanzania Economic Update No. 17. https://www.worldbank.org
Mustafa, K.H. and Ahmed, A.M. (2020) A Critical Review of the Market Efficiency Concept. Shirkah: Journal of Economics and Business, 5, 271-285. https://doi.org/10.22515/shirkah.v5i2.326
Manogna R.L. and Mishra, A.K. (2021) Market Effi-ciency and Price Risk Management of Agricultural Commodity Prices in India. Journal of Modelling in Management, 18, 190-211. https://doi.org/10.1108/jm2-04-2021-0104
Judin Wa Ode, S., Turukay, M. and Palembang, S.P. (2023) Analysis of Marketing Efficiency of Spices (Case Study in Tonu Jaya Village, Huamual Belakang District, West Seram District). Interna-tional Journal of Economics, Business and Innovation Research, 2, 214-222.
Akerele, E.O., Akanni, K.A., Oyebanjo, O. and Agbaje, E.M. (2023) Market Structure Analysis in Local Stimulants Marketing among Women in Osun State, Nigeria. œconomica Audoe, 19, 21-38.
Chand, R. and Singh, J. (2023) From Green Revolution to Amrit Kaal; Lessons and Way Forward for Indian Agriculture. National Institution for Transforming India.
Sujianto, S., Iriani, E.S., Setiadi, A., Syukur, C. and Rizal, M. (2021) Pursuing Sustainable Ginger Production and Supply Performance in Central Kalimantan Province. IOP Conference Series: Earth and Environmental Science, 892, Article ID: 012063. https://doi.org/10.1088/1755-1315/892/1/012063
Ali, O. and Nguwasen, G.J. (2023) Analysis of Structure, Con-duct and Performance of Ginger Marketing in Benue State, Nigeria. International Journal of Agriculture and Environmental Research, 9, 446-466. https://doi.org/10.51193/ijaer.2023.9313
Shasani, S., Banerjee, P., De, H.K. and Panda, S. (2020) Constraints in Adoption of Groundnut Cultivation Technology by the Farmers of Odisha. Indian Journal of Ex-tension Education, 56, 39-44.
Sahoo, B., Saha, A., Dhakre, D.S. and Sahoo, S.L. (2023) Perceived Constraints of Organic Turmeric Farmers in Kandhamal District of Odisha. Indian Journal of Extension Education, 59, 107-111. https://doi.org/10.48165/ijee.2023.59122
Adeyanju, D., Mburu, J. and Mignouna, D. (2021) Youth Agricultural Entrepreneurship: Assessing the Impact of Agricultural Training Programmes on Performance. Sustainability, 13, Article No. 1697. https://doi.org/10.3390/su13041697
Garmame Galgaye, G. (2022) Revealing Determinants That Affects Garlic Production in Ethiopia Using PRISMA Methodology. Cogent Food & Agriculture, 8, Article ID: 2132845. https://doi.org/10.1080/23311932.2022.2132845
Vatistas, C., Avgoustaki, D.D. and Bartzanas, T. (2022) A Sys-tematic Literature Review on Controlled-Environment Agriculture: How Vertical Farms and Greenhouses Can Influence the Sustainability and Footprint of Urban Microclimate with Local Food Production. Atmosphere, 13, Article No. 1258. https://doi.org/10.3390/atmos13081258
Melesse, T.Y., Pasquale, V.D. and Riem-ma, S. (2020) Digital Twin Models in Industrial Operations: A Systematic Literature Review. Procedia Manufacturing, 42, 267-272. https://doi.org/10.1016/j.promfg.2020.02.084
Derindağ, ö.F. (2022) Rise of Cross-Border e-Commerce: A Systematic Literature Review. Journal of Applied and Theoretical Social Sciences, 4, 352-372. https://doi.org/10.37241/jatss.2022.71
Sassi, A. (2023) A Systematic Literature Review of Factors to Improve Tan-zania’s Cross-Border e-Commerce Performance: Lessons from China. East African Journal of Science, Technology and Inno-vation, 4, 1-15. https://doi.org/10.37425/eajsti.v4i3.706
Paul, J. and Criado, A.R. (2020) The Art of Writing Litera-ture Review: What Do We Know and What Do We Need to Know? International Business Review, 29, Article ID: 101717. https://doi.org/10.1016/j.ibusrev.2020.101717
Gusenbauer, M. and Haddaway, N.R. (2020) Which Academic Search Systems Are Suitable for Systematic Reviews or Meta-Analyses? Evaluating Retrieval Qualities of Google Scholar, Pubmed, and 26 Other Resources. Research Synthesis Methods, 11, 181-217. https://doi.org/10.1002/jrsm.1378
Wilson, D.B., Tan-ner-Smith, E. and Mavridis, D. (2016) Campbell Methods Policy Note on Network Meta-Analysis (Version 1.0). The Camp-bell Collaboration.
Arsyad, S., Zaim, M. and Susyla, D. (2018) Review and Citation Style in Research Article Introduc-tions: A Comparative Study between National and International English-Medium Journals in Medical Sciences. Discourse and Interaction, 11, 28-51. https://doi.org/10.5817/di2018-1-28
Trifu, A., Smîdu, E., Badea, D.O., Bulboacă, E. and Haralambie, V. (2022) Applying the PRISMA Method for Obtaining Systematic Reviews of Occupational Safety Issues in Lit-erature Search. MATEC Web of Conferences, 354, Article No. 00052. https://doi.org/10.1051/matecconf/202235400052
Zhang, M., Han, Y., Li, D., Xu, S. and Huang, Y. (2024) Smart Horticulture as an Emerging Interdisciplinary Field Combining Novel Solutions: Past Development, Current Challenges, and Future Perspec-tives. Horticultural Plant Journal, 10, 1257-1273. https://doi.org/10.1016/j.hpj.2023.03.015
Borbaruah, N. and Barman, R.N. (2023) The Production and Marketing Constraints Faced by Ginger and Turmeric Growers in Assam’s Hill and Plain Region, India. Asian Journal of Agricultural Extension, Economics & Sociology, 41, 398-403. https://doi.org/10.9734/ajaees/2023/v41i92058
Legros, P. and Newman, A.F. (2017) Demand-Driven Integration and Divorcement Policy. International Journal of Industrial Organization, 53, 306-325. https://doi.org/10.1016/j.ijindorg.2016.04.007
Sahu, P.K., Dey, S., Sinha, K., Singh, H. and Narsimaiaha, L. (2019) Cointegration and Price Discovery Mechanism of Major Spices in India. American Journal of Applied Mathematics and Statis-tics, 7, 18-24. http://pubs.sciepub.com/ajams/7/1/3
Adeeth, C. and Chandel, B.S. (2020) Why Are the Pepper Pric-es Declining? An Analysis of Changing Production and Trade Scenario in India. Journal of Plantation Crops, 48, 60-69.
Asidawati, A., Oktarina, Y. and Fifian, F.P.S. (2022) The Relation of Price and Red Chili Production in Baturaja Ogan Komering Ulu Regency. International Journal of Social Science, 2, 1367-1374. https://doi.org/10.53625/ijss.v2i2.2739
Roy, A., Dkhar, D.S., Tripathi, A.K., et al. (2014) Growth Performance of Agriculture and Allied Sectors in the Northeast India. Economic Affairs, 59, 783-795.
Uttam, C. and Anoop. M. (2022) Resource Use and Technical Efficiency in Coriander Production in Jhalawar District of Rajasthan. Indian Journal of Ecology, 49, 1706-1709.
Vineeta, Tamang, B., Shukla, G. and Chakravarty, S. (2023) The Urge of Conserving Tradition from Climate Change: A Case Study of Darjeeling Himalayan Large Cardamom-Based Traditional Agroforestry Farming System. Nature-Based Solutions, 3, Article ID: 100064. https://doi.org/10.1016/j.nbsj.2023.100064
Tadesse, B., Tilahun, Y., Bekele, T. and Mekonen, G. (2021) Assessment of Challenges of Crop Production and Marketing in Bench-Sheko, Kaffa, Sheka, and West-Omo Zones of Southwest Ethiopia. Heliyon, 7, e07319. https://doi.org/10.1016/j.heliyon.2021.e07319
Carias Vega, D., Page, T. and Ota, L. (2023) Challenges and Opportunities for Inclusive Value Chains of Niche Forest Products in Small Island Developing States: Canar-ium Nuts, Sandalwood, and Whitewood in Vanuatu. Journal of Rural Studies, 100, Article ID: 103036. https://doi.org/10.1016/j.jrurstud.2023.103036
Iskandar, B.S., Iskandar, J., Mulyanto, D., Alfian, R.L. and Suroso, S. (2021) Traditional Market, Social Relations, and Diversity of Edible Plants Traded in Beringharjo Market, Yogyakarta, In-donesia. Biodiversitas Journal of Biological Diversity, 22, 2045-2057. https://doi.org/10.13057/biodiv/d220453
Holmelin, N.B. (2021) National Specialization Policy versus Farmers’ Pri-orities: Balancing Subsistence Farming and Cash Cropping in Nepal. Journal of Rural Studies, 83, 71-80. https://doi.org/10.1016/j.jrurstud.2021.02.009
Kumar, S.P., Muthulakshmi, K. and Rengaraju, R. (2023) Cost and Returns Analysis of Turmeric Production in Kodumudi Block of Erode District from Tamil Nadu, India. Journal of Experi-mental Agriculture International, 45, 11-14. https://doi.org/10.9734/jeai/2023/v45i32106
Ferroni, M. and Zhou, Y. (2012) Achievements and Challenges in Agricultural Extension in India. Global Journal of Emerging Market Economies, 4, 319-346. https://doi.org/10.1177/0974910112460435
Wosene, G. and Gobie, W. (2022) Value Chain Analysis of Tomato: The Case of Bure, Jabitehinan and North Mecha Districts of Amhara Regional State, Ethiopia. Journal of Agriculture and Food Research, 7, Article ID: 100272. https://doi.org/10.1016/j.jafr.2022.100272
Abate, T.M., Dessie, A.B. and Mekie, T.M. (2019) Technical Efficiency of Smallholder Farmers in Red Pepper Production in North Gondar Zone Amhara Regional State, Ethiopia. Journal of Economic Structures, 8, Article No. 18. https://doi.org/10.1186/s40008-019-0150-6
Koksal, O., Gunes, E., Orkan Ozer, O. and Ozden, M. (2010) Analysis of Effective Factors on Information Sources at Turkish Oregano Farms. African Journal of Agricultural Research, 5, 142-149. http://www.academicjournals.org/AJAR
Crespi, J.M. and MacDonald, J.M. (2022) Concentration in Food and Agricul-tural Markets. In: Handbook of Agricultural Economics, Elsevier, 4781-4843. https://doi.org/10.1016/bs.hesagr.2022.03.003
Gebreyesus, G. and Negash, Z. (2015) Analysis of Major Factors Affecting Production and Marketing of Korarima (Aframomum corrorima (Braun) P.C.M. Jansen) in Ethiopia. Journal of Economics and Sustainable Development, 6, 72-79.
Endrias, G. and Kifle, A. (2011) Production, Processing and Mar-keting of Ginger in Southern Ethiopia. Journal of Horticulture and Forestry, 3, 207-213. http://www.academicjournals.org/jhf
Hussen, M.S. (2022) Strategies to Improve the Quantity and Quality of Export Coffee in Ethiopia. Elsevier B.V. https://doi.org/10.1016/j.jafr.2022.100372
Ajijur, R.S., Sunderland, T., Kshatriyac, M., et al. (2016) Towards Productive Landscapes: Trade-Offs in Tree-Cover and Income across a Matrix of Smallholder Ag-ricultural Land-Use. Land Use Policy, 58, 152-164. http://creativecommons.org/licenses/by/4.0/
Timothy, O.O. (2013) Chal-lenges and Prospects of Agriculture in Nigeria: The Way Forward. Journal of Economics and Sustainable Development, 4, 37-45. https://www.iiste.org
Dennis, A. and Kentus, T. (2018) Assessment of Pepper Production and Socio Econom-ics of Pepper Farmers in Delta State, Nigeria. Asian Journal of Agricultural Extension, Economics & Sociology, 28, 1-7. https://doi.org/10.9734/ajaees/2018/44598
Hegena, B. and Tigistu, S. (2022) Push and Pull Factors of Red Pepper (Capsicum) Market Supply: Evidence from South-Western Ethiopia. Journal of Agriculture and Food Research, 10, Article ID: 100417. https://doi.org/10.1016/j.jafr.2022.100417
Bhavani, D.I., Srikala, M. and Ananda, T. (2015) Price Vola-tility in Major Chilli Markets of India. Indian Journal of Economics and Development, 3, 194-198.
Ashish, B. and Jency, V. (2016) Spices Export from Kerala Current Trends & Opportunities Ahead. IRA-International Journal of Management & Social Sciences, 5, 54-65.
Rajeev, P. and Thomas, L. (2016) Extension Approaches for Spices Development-Institutions and Programmes, Innovative Extension Approaches for Plantation Crops. ICAR-Central Plantation Crops Research Institute, 234-242.
Thomas, L., Anees, K. and Muhammed Nissar, V.A. (2023) The Economic Landscape of Clove Production in India: Challenges and Opportunities. Journal of Spices and Aromatic Crops, 32, 161-169. https://doi.org/10.25081/josac.2023.v32.i2.8880
Joshi, D. and Singh, H.P. (2015) An Empirical Analysis of Growth and Instability in Major Spices in India. International Journal of Agri-culture Sciences, 7, 440-444.
Naik, V. and Hosaman, S.B. (2017) Resource Use Efficiency and Technical Efficiency of Turmeric Production in Northern Karnataka. Agriculture Update, 12, 175-182.
Sobti, N. (2020) Determinants of a Successful Commodity Contract: Evidence from the Indian Agriculture Futures Market. IIMB Management Review, 32, 376-388. https://doi.org/10.1016/j.iimb.2021.01.001
Sabu, S.S., Kuruvila, A. and Subash, S.P. (2020) Price Volatility of Black Pepper in Kerala: Could Institutional Mechanism Such as Contract Agree-ment Be a Solution? Indian Journal of Agricultural Economics, 75, 166-185.
Nair, K.P.P. (2011) The Agronomy and Economy of Black Pepper (Piper nigrum L.)—The “King of Spices”. In: Agronomy and Economy of Black Pepper and Car-damom, Elsevier, 1-108. https://doi.org/10.1016/b978-0-12-391865-9.00001-3
Nair, K.P.P. (2013) Production, Marketing, and Economics of Ginger. In: The Agronomy and Economy of Turmeric and Ginger, Elsevier, 453-475. https://doi.org/10.1016/b978-0-12-394801-4.00024-7
Hasan, M. and Uddin, M. (2017) Production and Price Rela-tionship for Chilli in Bangladesh: An Empirical Analysis. SAARC Journal of Agriculture, 15, 85-98. https://doi.org/10.3329/sja.v15i1.33153
Shahnoushi, N., Abolhassani, L., Kavakebi, V., Reed, M. and Saghaian, S. (2020) Economic Analysis of Saffron Production. In: Koocheki, A. and Khajeh-Hosseini, M., Eds., Saffron, Elsevier, 337-356. https://doi.org/10.1016/b978-0-12-818638-1.00021-6
Kim, T., Heshmati, A. and Park, J. (2010) Decelerating Ag-ricultural Society: Theoretical and Historical Perspectives. Technological Forecasting and Social Change, 77, 479-499. https://doi.org/10.1016/j.techfore.2009.08.005
