A sheep at a livestock market in Kyrgyzstan showed a return that would make gold and even oil jealous

According to Turmush, an unusual transaction took place at the livestock market in the Ayil district of Sary-Ozon, Sokuluk district, Chui region. The same sheep was resold four times within an hour, with the price of the animal almost doubling.

From a price dynamics perspective, the transaction looked like a rapid increase in the value of the asset. Initially, the farmer sold the animal to a middleman for 46,000 KGS. Within a few minutes, the price rose to 60,000 KGS, then to 74,000 KGS, and the final transaction took place at a price of 90,000 KGS.

Thus, the value of the “asset” increased by 44,000 KGS, or 95.65% of the initial price, in a short period of time. Moreover, the increase in value occurred without the actual movement of the goods. The sheep remained in one place, passing from hand to hand right in the market.

The case sparked debate among traders. Some farmers believe that such chains of resales by intermediaries can push up prices for livestock and meat.

At the same time, experienced traders note that such “successful deals” are the exception rather than the rule. According to them, the activities of resellers are fraught with risks. Often, animals have to be sold below purchase price, and rare profitable deals only compensate for previous losses.

Meanwhile, according to consumer price monitoring by the National Statistics Committee, the average price of lamb in Kyrgyzstan at the beginning of March was about 730 KGS per kilogram, with prices in the regions ranging from 680 to 750 KGS.