Drastic fall in prices of sacrificial animals in northern districts
Saturday, 6 December 2008
RANGPUR, Dec 5 (BSS): Prices of sacrificial animals marked a sharp fall in the northern markets following huge supply only three days ahead of the holy Eid-ul-Azha when selling reached its peak everywhere.
Prices of the bulls fell by Tk 6,000 to Tk 12,000 depending on their sizes during the past few days and it might fall further in coming days because of huge supply in the markets, market sources said.
Many cattle traders have already started sending hundreds of their cattle from the northern markets to Dhaka and other bigger cattle markets in the country following fall in prices.
"If the present trend of sending huge number of cattle continues, the prices of the same in the city markets and other places might mark sharp falls to benefit the buyers and cause losses to the cattle traders," traders said.
The buyers including the middle class and low- income group people were found purchasing sacrificial animals Friday at big markets because of affordable prices that prompted higher selling of the cattle, buyers told the news agency.
The situation was, however, quite different only a few days ago when the prices were much higher due to comparatively less supply and lower daily import through different northern corridors.
Market sources said, the number of imported buffaloes, calves, cows and camels marked a significant increase in recent days and supply of locally reared cattle flooded the local markets pushing down the prices.
Besides, good number of imported cattle are now entering through the corridors at Islampur, Harinmari, Khanpur, Koria, Bholarhat, Kansat, Shyampur, Rajabari and Sultanganj points in six frontier districts of the region.
According to the traders, a large bull is now being sold at Tk 25,000 to Tk 35,000, medium sized one at Tk 18,000 to Tk 25,000 while small one is being sold at Tk 13,000 to Tk 18,000 with further possibilities of reduction in prices in next three days.
Prices of the bulls fell by Tk 6,000 to Tk 12,000 depending on their sizes during the past few days and it might fall further in coming days because of huge supply in the markets, market sources said.
Many cattle traders have already started sending hundreds of their cattle from the northern markets to Dhaka and other bigger cattle markets in the country following fall in prices.
"If the present trend of sending huge number of cattle continues, the prices of the same in the city markets and other places might mark sharp falls to benefit the buyers and cause losses to the cattle traders," traders said.
The buyers including the middle class and low- income group people were found purchasing sacrificial animals Friday at big markets because of affordable prices that prompted higher selling of the cattle, buyers told the news agency.
The situation was, however, quite different only a few days ago when the prices were much higher due to comparatively less supply and lower daily import through different northern corridors.
Market sources said, the number of imported buffaloes, calves, cows and camels marked a significant increase in recent days and supply of locally reared cattle flooded the local markets pushing down the prices.
Besides, good number of imported cattle are now entering through the corridors at Islampur, Harinmari, Khanpur, Koria, Bholarhat, Kansat, Shyampur, Rajabari and Sultanganj points in six frontier districts of the region.
According to the traders, a large bull is now being sold at Tk 25,000 to Tk 35,000, medium sized one at Tk 18,000 to Tk 25,000 while small one is being sold at Tk 13,000 to Tk 18,000 with further possibilities of reduction in prices in next three days.