Bushara MOA* and Abdelmahmod MKA
The importance of the livestock trade to the national economy of Sudan is significant; however, Sudan was adversely affected by the global crisis through a decline in oil and other external receipts. The main objectives of this study is to investigates price movements among important livestock markets in the Sudan to explore their performance and pricing efficiency. The stationarity of data tested using the unit root test and then market integration was tested using multivariate cointegration analysis. The study found that most cattle markets were integrated with each other, which showed the co-movement of prices, and this indicates market efficiency in sense that efficiency means existent of integration and cointegration of market prices. The prices of Omdurman cattle market has effect on all cattle markets in Sudan in short and long run.
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