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Determinants of Livestock Prices in Ethiopian Pastoral Livestock Markets: Implications for Pastoral Marketing Strategies

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  • Belayneh, Hailemariam Teklewold
  • Feye, Getachew Legese
  • Alemu, Dawit
  • Negassa, Asfaw

Abstract

The major objective of this paper is to identify determinants of market prices for cattle, sheep and goat in the export market value chain starting from pastoral markets to export abattoirs and live animal exporters. The study is based on the information generated through a formal survey conducted in the major pastoral livestock markets of Ethiopia with 128 collectors, small and big traders, feedlot operators, live animal and meat exporters. Hedonic price formation model was used to analyze the survey data. This study identified certain occasions such as Christian fasting, Muslim fasting, holidays and other times; time of a situation whether that specific month falls during ban time or not and season described as wet or dry season as important determinants of livestock price formation. Age group and body condition of the traded animals, buyer and seller types are also important observable attributes influencing formation of livestock prices.

Suggested Citation

  • Belayneh, Hailemariam Teklewold & Feye, Getachew Legese & Alemu, Dawit & Negassa, Asfaw, 2009. "Determinants of Livestock Prices in Ethiopian Pastoral Livestock Markets: Implications for Pastoral Marketing Strategies," 2009 Conference, August 16-22, 2009, Beijing, China 51624, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae09:51624
    DOI: 10.22004/ag.econ.51624
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    File URL: https://ageconsearch.umn.edu/record/51624/files/Livestock%20price%20formation%20june2709.pdf
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    References listed on IDEAS

    as
    1. Ayele, Gezahegn & Jabbar, Mohammad A. & Teklewold, Hailemariam & Mulugeta, Elias & Kebede, Getahun, 2006. "Seasonal and inter-market differences in prices of small ruminants in Ethiopia," Research Reports 182171, International Livestock Research Institute.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    3. Andargachew, K. & Brokken, Ray F., 1993. "Intra-annual sheep price patterns and factors underlying price variations in the central highlands of Ethiopia," Agricultural Economics, Blackwell, vol. 8(2), pages 125-138, February.
    4. Douglas D. Parker & David Zilberman, 1993. "Hedonic Estimation of Quality Factors Affecting the Farm-Retail Margin," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(2), pages 458-466.
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    Cited by:

    1. Bachewe, Fantu Nisrane & Minten, Bart & Yimer, Feiruz, 2017. "The rising costs of animal-source foods in Ethiopia: Evidence and implications," ESSP working papers 108, International Food Policy Research Institute (IFPRI).

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