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Abstract
A survey of two rural markets in southwest Nigeria over 14 months showed that supplies, sales and prices of sheep and goats varied
widely during the period with a sharp peak during the Muslim festival of Eid-e1-Kabir and a smaller peak during the Christmas-New Year
period. Local West African Dwarf (WAD) sheep and goats and northern Y' ankasa sheep and Red Sokoto goats were traded in the markets
and animals were purchased for rearing, trading, ceremonies, butchering/ catering, sacrifice, and festivals. There were significant differences
between species /breeds purchased for various purposes. A hedonic price model was fitted to determine factors influencing price. After
adjustments were made for age, weight, sex, time of transaction and market, WAD sheep commanded higher prices than WAD goats and
Red Sokoto goats for all purposes except for butchering/ catering; Red Sokoto goats commanded similar or lower prices than WAD goats
depending on the purpose for purchase; and Y'ankasa sheep, principally purchased for the Eid-el-Kabir festival, commanded marginally
higher prices than WAD sheep. The market share of WAD sheep is currently small and is under competition from northern sheep and goats,
so increased production of WAD sheep in the south will benefit both producers and consumers in the area. In general, the results indicate
that buyers have preferences for specific breeds and species for specific purposes, so producers and sellers may benefit by targeting specific
buyer categories and times of the year.