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Dhaka Tribune

Reduced prices draw more buyers in city cattle markets

Update : 23 Sep 2015, 06:30 PM

Cattle markets in the capital saw a rise in the number of buyers yesterday after prices were lowered by traders.   

There have been complaints by customers in the past few days that cattle prices are much higher this year but most of the buyers yesterday said prices had gone down since markets officially opened on Saturday.

Both traders and customers said prices would fall further today as the nation prepares to celebrate Eid-ul-Azha tomorrow.

Cattle prices at the city’s largest market in Gabtoli reportedly went up as high as Tk22 lakh for a single cow in the last couple of days, with trader Matin Miah from Rajshahi putting a Tk13 lakh price tag on his cow yesterday.

Traders said the Tk22 lakh cow was eventually sold for Tk10.5 lakh.

Mazurul Alam, who took his son along to the Balur Math cattle market, told the Dhaka Tribune he also visited the market on Tuesday but failed to purchase a cow because traders demanded very high prices. “Today, prices seem to be more reasonable than Tuesday.”

He bought a cow weighing around 1.2 tonnes for Tk48,000. “On Tuesday, traders demanded Tk75,000 for a cow of the same size.”

Latif Siddique, who lives in Dhanmondi, bought two cows from Gabtoli cattle market for a total of Tk120,000, each weighing around 1.4 tonnes.

Babul, a livestock breeder who came from Jamalpur to Khilkhet cattle market, said prices fell suddenly due to availability of Indian cows.

“There is another reason – traders have only one day left before Eid and it is natural that they will try to sell all the animals they had brought. This is somewhat compelling traders to expedite sales even if they need to lower prices beyond their expectations."

Babul said traders initially asking for higher prices should not be considered strange because that is what they usually do.

Meanwhile, like previous years, the authorities concerned have again failed this time to keep the promise that no cattle market will be allowed to be set up illegally in the city corporation area ahead of Eid-ul-Azha. 

Awami League members have been involved in setting up cattle markets on or near busy roads in many areas of Dhaka, including Tejgaon, Shukrabad, Kamalapur, Gopibagh, Mohammadpur and Azimpur among others.

Locals in some of the areas told the Dhaka Tribune that no permission was obtained from two city corporations of Dhaka, Dhaka deputy commissioner’s office and police for setting up any of the markets.

Meanwhile, cattle markets in Chittagong have also drawn huge crowds.

Traders in different markets of the port city said there was adequate supply of sacrificial animals but buyers said prices were exorbitant.

Sagorika cattle market, one of the biggest in the district, was abuzz with a large number of buyers yesterday.

Talking to the Dhaka Tribune, Md Abdul Aziz, a cattle trader at the market, said he brought six cows to the market but could sell only one till Tuesday evening.

Abdur Razzak, another trader from Chapainawabganj, said the supply of Indian cattle was poor.

“But still I am optimistic about making a hefty profit this year,” he added. 

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