Cattle Markets Integration and Price Discovery: The Case of Mali |
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| Authors: | Jean-Claude Bizimana Jay P. Angerer David A. Bessler Francis Keita |
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| Affiliation: | 1. Blackland Research and Extension Center, Texas A&2. M University, Temple, TX, USA;3. Department of Agricultural Economics, Texas A&4. M University, College Station, TX, USA;5. Observatoire du Marché Agricole (OMA), Bamako, Mali |
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| Abstract: | This article analyses the level of integration in 10 cattle markets in Mali. The results indicate a limited interdependence among markets where, in majority of cases, more than 70 per cent of price variation is due to own-price shocks. However, the Ségou market exhibited a high level of interaction with other markets, behaving mostly as a price information receiver. Some markets behaved as sources of price information, however, without taking a clear price leadership role. This low level of market integration may be attributed to limited access to livestock markets and timely price information. |
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