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Sales slow at Pakistan’s livestock market on Eid ul Adha

Sales slow at Pakistan’s livestock market on Eid ul Adha

Sales slow at Pakistan’s livestock market on Eid ul Adha

Sales slow at Pakistan’s livestock market on Eid ul Adha. (credits: Google)

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  • Farmers camping out at cattle market between Islamabad and Rawalpindi for two weeks.
  • Consumers refrained from buying cows and goats for Eid ul Adha due to economic downturn.
  • Bulls sell for between Rs100,000 and Rs700,000; goats and sheep go for up to Rs40,000.
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One of the largest livestock markets in Pakistan saw slower-than-normal business on Friday as consumers refrained from making large purchases of cows, lambs, and goats in preparation for Eid ul Adha due to the economic downturn.

In an effort to sell their herd before the holiday, which begins on Monday, farmers have been camping out at the I-15 cattle market between Islamabad and Rawalpindi for two weeks. However, there aren’t many customers there.

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The economy of Pakistan is struggling, and everything is being negatively impacted by the raging inflation, even Eid purchases.

Muhammad Mumtaz still had 30 animals to sell after bringing 50 to the market.

He told AFP while sitting on a wooden bed that “inflation is so high that clients do not have the purchasing power.”

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He said, “We can’t sell them inexpensively.”

There is nothing left for us since feed is expensive, wheat is expensive, and the cost of a truck has risen.

During Eid ul Adha, Pakistanis typically purchase an animal for slaughter, keeping a third for themselves, a third for friends and family, and a third for charitable causes.

Khurram Taseer, a bank employee, complained to AFP that prices were “extremely excessive” after spending Rs140,000 (about $700) on a bullock.

He claimed that while his extended family typically purchased two cows for the celebration, this year they just purchased one.

According on the type of animal, the market is divided into different sectors. Bulls sell for between Rs100,000 and Rs700,000, while goats and sheep go for between Rs40,000 and Rs100,000.

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In an effort to draw consumers, the farmers spend time bathing and grooming the animals and decorating them with floral garlands.

But many prospective customers walked away empty-handed.

Because of the costs, the majority of people do not sacrifice animals, according to farmer Mulazim Hussain.

[emebdpost slug=livestock-and-fisheries-secretary-calls-for-ban-on-cow-markets-across-sindh-to-contain-lsdv/”]

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