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Price expectations of sheep and goats by producers and intermediaries in Quetta market, Pakistan

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  • Rodriguez, Abelardo
  • Ali, Imran
  • Afzal, Muhammad
  • Shah, Nisar A.
  • Mustafa, Usman

Abstract

Analysis of producers' and intermediaries' livestock price expectations was used to describe the market in Quetta, the largest livestock market in the highlands of Balochistan Province, Pakistan, and to identify factors that determine price expectations of small ruminants. A total of 4800 expected prices for sheep and goats were collected from producers and market intermediaries at monthly intervals between January 1991 and December 1992. In addition to the expected price of the animal, liveweight, species, sex, breed, body condition (fatness), calendar day and month were recorded, and whether data were collected on a meat or meatless day. Monthly rainfall data were also collected. Models of goat and sheep price expectations were built to compare the similarity of the behaviour of producers and intermediaries. Results indicated that producers and intermediaries expected high prices from November to January and during religious holidays. They expected premiums and discounts related to animals' attributes. Liveweight and seasonality had the strongest effect on prices. Rainfall in the current and previous month was positively related to seller's expected prices suggesting that livestock are retained to take advantage of favourable grazing conditions. The models of price expectations showed that producers adjusted expected goat prices (P ≤ 0.10) for seasonality, liveweight, body condition, age, sex and breed, while they adjusted sheep prices for seasonality and liveweight only. High pay‐offs could be expected if extension efforts focused on factors that determine sheep meat quality; however, the retail ceiling price of meat and the lack of grading are a disincentive to work in this direction. Seasonality of supply and demand is important in determining prices and this study provides baseline information for market scheduling; however, scheduling of sales of transhumant pastoralists may be difficult to achieve. Further investigation is justified to understand the gap in
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  • 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.
    • Handle: RePEc:eee:agecon:v:12:y:1995:i:1:p:79-90
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    References listed on IDEAS

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    1. Francis, Paul A., 1990. "Small-ruminant marketing in southwest Nigeria," Agricultural Economics, Blackwell, vol. 4(2), pages 193-208, June.
    2. Singh, R.P. & Binswanger, H.P., 1993. "Income Growth in Poor Dryland Areas of India's Semi-Arid Tropics," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 48(1).
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    2. 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.
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    4. Islam, S.M. Fakhrul & Jabbar, Mohammad A., 2010. "Consumer preferences and demand for livestock products in urban Bangladesh," Research Reports 97972, International Livestock Research Institute.
    5. 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.
    6. 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.
    7. 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.

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