The paper aimed at measuring the volatility of sheep price in real pastoral market. It used a long-term empirical data (2003-2017), an Empirical orthogonal Functions analysis (EOF) and statistics. With cumulated variances of 57.89%, EOF divided the results into 3 batches according to linear coefficient of correlation of Pearson (r). It measured low degrees of positive or negative dependence between variables. State intervention was not efficient for stabilizing prices also. The implications of the observed findings are improved instruments based on fundamental market forces for struggling efficiently against price instability.
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