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Intra‐annual sheep price patterns and factors underlying price variations in the central highlands of Ethiopia

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  • K. Andargachew
  • Ray F. Brokken

Abstract

A sheep market survey was undertaken to determine the effects of certain animal and market characteristics on price and the pattern of sheep prices in relation to seasons. Nine key Ethiopian central highlands markets were surveyed for a period of one year in 1989. Each market was surveyed once a week on the main market day. Price, weight, sex, age, colour, condition score, breed type and buyer's purpose were recorded for all completed transactions as well as the numbers offered and sold on each market day. A total of 50062 cases were recorded. Three markets, each representing redistributive, intermediate and terminal markets, as identified by the distribution in buyer's purpose were chosen for further analysis. Considerable weekly price variation was evident in these markets. Prices were also seasonal with higher premiums paid during some religious festivals. Animal characteristics (weight, age, condition, sex, colour) as well as buyer's purpose and seasons were variably important in explaining variation in price among animals within weeks. Variations in the composition of these characteristics from week‐to‐wcek were among factors underlying changes in weekly mean prices. R2 varied from 0.2659 to 0.3583 in the quadratic price per kg model and from 0.7822 to 0.8413 in the quadratic price per head model in the three markets. However, it was found that price per head was predicted equally well overall by estimated price per kg multiplied by actual weights and that because of wide variation in weights, both within and between weeks, price per kg is more useful market information.

Suggested Citation

  • K. Andargachew & Ray F. Brokken, 1993. "Intra‐annual sheep price patterns and factors underlying price variations in the central highlands of Ethiopia," Agricultural Economics, International Association of Agricultural Economists, vol. 8(2), pages 125-138, February.
    • Handle: RePEc:bla:agecon:v:8:y:1993:i:2:p:125-138
    DOI: 10.1111/j.1574-0862.1993.tb00237.x
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    Cited by:

    1. Solomon, A. & Workalemahu, A. & Jabbar, Mohammad A. & Ahmed, Mohamed A. M. & Hurrisa, Belachew, 2003. "Livestock marketing in Ethiopia : A review of structure, performance and development options," Research Reports 182878, International Livestock Research Institute.
    2. Turner, Matthew D. & Williams, Timothy O., 2002. "Livestock Market Dynamics and Local Vulnerabilities in the Sahel," World Development, Elsevier, vol. 30(4), pages 683-705, April.
    3. Christopher B. Barrett & Francis Chabari & DeeVon Bailey & Peter D. Little & D. Layne Coppock, 2003. "Livestock Pricing in the Northern Kenyan Rangelands," Journal of African Economies, Centre for the Study of African Economies, vol. 12(2), pages 127-155, June.
    4. Jabbar, Mohammad A. & Swallow, B. M. & d'Iteren, G. & Busari, A., 1998. "Farmer Preferences And Market Values Of Cattle Breeds Of West And Central Africa," Research Reports 183007, International Livestock Research Institute.
    5. Jabbar, M. A. & Diedhiou, M. L., 2003. "Does breed matter to cattle farmers and buyers?: Evidence from West Africa," Ecological Economics, Elsevier, vol. 45(3), pages 461-472, July.
    6. Ayele, Gezahegn & Jabbar, Mohammad A. & Teklewold, Hailemariam & Mulugeta, Elias & Getahun, Kebede, 2006. "Seasonal and inter-market differences in prices of small ruminants in Ethiopia," Research Reports 182989, International Livestock Research Institute.
    7. Kamuanga, Mulumba & d'Iteren, G & Tano, K & Jabbar, Mohammad A. & Swallow, B M & PoKou, K, 2001. "Farmers’ preferences of cattle breeds, their market values and prospects for improvement in West Africa – a summary review," Research Reports 182892, International Livestock Research Institute.
    8. Jabbar, M. A., 1998. "Buyer preferences for sheep and goats in southern Nigeria: A hedonic price analysis," Agricultural Economics, Blackwell, vol. 18(1), pages 21-30, January.
    9. Adugna, Teressa, 2006. "Determinants of Market Prices of Cattle in Eastern Ethiopia," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25336, International Association of Agricultural Economists.
    10. Rodriguez, Abelardo & Ali, Imran & Afzal, Muhammad & Shah, Nisar A. & Mustafa, Usman, 1995. "Price expectations of sheep and goats by producers and intermediaries in Quetta market, Pakistan," Agricultural Economics, Blackwell, vol. 12(1), pages 79-90, April.
    11. Jabbar, Mohammad A. & Ayele, Gezahegn, 2004. "Livestock marketing, food security and related issues in Ethipia," Research Reports 182875, International Livestock Research Institute.
    12. Jabbar, Mohammad A. & Benin, Samuel, 2005. "Trader behaviour and transactions costs in live animal marketing in Ethiopian highland markets," Research Reports 182869, International Livestock Research Institute.
    13. Benin, Samuel & Jabbar, Mohammad A. & Ehui, Simeon K., 2005. "Livestock marketing in the Ethiopian highlands: Changesin structure and conduct since 1991 in," Research Reports 182870, International Livestock Research Institute.

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