Cattle prices keep on soaring in city markets

Cattle prices keep on soaring in city markets


Dhaka – The prices of sacrificial animals in the capital’s temporary markets are gradually soaring since Monday morning, bringing back smile to the faces of traders but frustrating the middle-class buyers.

The prices are unlikely to fall as the inflow of cattle-laden trucks is also showing a gradual fall.

Talking to UNB at a temporary cattle market adjacent to the Bangladesh Betar headquarters, cattle trader Yaqin Ali of Shailakupa upazila in Jhenidah said the prices of medium-sized locally bred bulls have marked a rise by at least Tk 10,000 over the last one day.

“I’ve already sold five bulls at prices ranging from Tk 45,000 to 50,000. It was a sale with some loss. But the price is getting higher since the morning today. I hope it’ll continue to rise before the Eid,” he said.

Yaqin noted that the supply trend is quite opposite to that observed during the Eid last year. “Last year, I had bought 40 bulls from Hazaribag haat, but sold out only three. The prices were very low as the supply was almost double than the demand. I had to take the rest of the cattle back after the Eid day,” he recalled.

He went on: “Yesterday (Sunday), the cattle were sold at prices as cheap as that of the previous year. But the wheel is turning other way round from now as the supply this year is lesser than the previous year.”

Abdul Matin Patwary, a retired T&T official, was still looking for a medium-sized bull at a suitable price.

He said the price was extremely low on Sunday night, but is showing an uptrend since this morning.

M Faruq Hossain, an electroplating chemical trader, also decided to wait for the purchase of his sacrificial animal, but finding it hard to get it at a ‘reasonable price’ today.

“I’m looking for a small bull within Tk 30,000. I should have bought it yesterday. The price has increased by Tk 5,000 for a medium-small bull,” he said at the cattle market adjacent to Taltala bus stand.

Cattle traders, however, claimed that despite the slight rise in the cattle prices, it is still not much profiting to them because of the increased price of the fodder and other cattle feeds.

M Yunus Ali, a cattle trader from Kolarhaat in Rajbari, said. “You need to spend at least Tk 20,000 to fatten a bull for one year. If you had bought the bull from a local market at Tk 15,000-20,000 just one year earlier, you must expect to sell it not below the Tk 50,000 range. But the price for such a bull is still hovering around Tk 40,000-42,000.”

He observed that the cattle prices over the last three years are not much profiting for the traders and the farmers cum traders.

“Cattle fattening – targeting the sale during the Eid – got huge popularity with the small farmers in our village five years back. The farmers started it without anyone’s advice or loan. It had been profiting for the first two years, but proving the opposite in the later years,” said Rabiul Islam, another trader from Jhenidah.

He noted that following the disappointing prices of the sacrificial animal last year, the interest in cattle fattening among the farmers of his village fell a bit down.

“Cattle fattening reduced a bit last year. And all the cattle that were fattened targeting the Eid sale was not bought to the city markets this years because of the start of this year’s sale at prices lower than the expectation,” he said.

“We informed many of the neighbours and relatives about the low price over mobile phone and they decided not to come to Dhaka this time,” he added. – UNB



Comments are closed.