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Livestock markets and their role in developing the livestock sector: is there a need for livestock auction markets in Sudan?

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  • Elfadil Ahmed Ismail

Abstract

Livestock plays an important role in the Sudanese economy and shares almost 50% of the total agricultural exports. Although livestock trade is a prevalent and important economic activity in Sudan, still little attention is given to develop its markets and almost negligible caution is given for increasing livestock number and productivity. Livestock marketing system depends on direct sales and livestock auction markets are not well known in Sudan and their significance is also not well recognised. The paper concluded that, auctions are useful in livestock markets for maintaining quality standards, grades and weight measurement systems in these markets and hence help in setting the right price mechanism which could satisfy the sellers and the buyers as well as meeting the demand of participants. Many steps are required to establish efficient livestock auction markets. The conclusions given by this paper can be used by policy makers as a benchmark for verifying establishment decisions prior to adoption of any livestock auction markets.

Suggested Citation

  • Elfadil Ahmed Ismail, 2012. "Livestock markets and their role in developing the livestock sector: is there a need for livestock auction markets in Sudan?," African Journal of Economic and Sustainable Development, Inderscience Enterprises Ltd, vol. 1(1), pages 80-94.
    • Handle: RePEc:ids:ajesde:v:1:y:2012:i:1:p:80-94
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    References listed on IDEAS

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    1. Tostao, Emilio & Chung, Chanjin & Brorsen, B. Wade, 2006. "Integrating the Structural Auction Approach and Traditional Measures of Market Power," 2006 Annual meeting, July 23-26, Long Beach, CA 21244, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. McClain, Emily A. & McLemore, Dan L., 1987. "Optimal Organization Of A Statewide Livestock Auction Market System: The Case Of Tennessee," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(2), pages 1-11, December.
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