• Friday, Sep 21, 2018
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Cattle sales peak as prices drop after rain

  • Published at 02:39 pm August 31st, 2017
  • Last updated at 12:37 am September 1st, 2017
Cattle sales peak as prices drop after rain
Having just a single day in hand before Eid-ul-Azha, the cattle markets in Dhaka gained momentum as the day progressed on Thursday, especially after a spate of heavy rain in the morning. Since then, the markets started being flooded with customers and in the afternoon they become full to the brim with more customers still thronging there. A significant fall in cattle prices and the last day in the capital before Eid holidays intensified the crowd in the cattle markets, traders said. According to the cattle traders and market leaseholders, a growing supply of Indian cows pulled down the prices greatly. While visiting, the Galtoli cattle market the reporter found a good number of buyers catching a glimpse over their favourable sacrificial animals and bargaining with the traders over the prices. The same situation was also noticed in a makeshift cattle market on the free space of Eastern Housing in Mirpur 6. "I have come here (Gabtoli) after the rain for buying two cows at Tk2 lakh,” said Afsar Uddin, a resident of West Rajabazar. He finally bought two local cows, weighing around 140 kgs each, for Tk1,82,000 including 5% hasil (cattle market fees). According to him, the traders were charging exorbitantly in the morning, but they were asking a bit lower prices after the little shower as more cows were being brought there. Several other customers in the two cattle markets also seconded the situation. They said the traders were forced to reduce the prices fearing losses if their cattle remain unsold and there was only one day left to sell them. Khabir, a cattle trader at Mirpur 6, said:"We have just a day to go before Eid and rains appear to be posing a great threat to us.” “Considering the overall situation, we have decided to sell our cattle at a reasonable price,” he said. Khabir, who came from Rajshahi, said the prices will fall even drastically today (Friday), the last day of the three-day Eid cattle market in Dhaka. Earlier on Wednesday, customers and traders termed the prices reasonable, though some traders were setting the asking price at an exorbitant level. The average price of a cow weighing around 100kgs is Tk60,000, which was not very high in comparison to last year, market insiders and several customers said. Many traders and leaseholders even said that cattle prices were lower than that of last year. They attributed the situation to a huge supply of local cattle, flood in the northern districts and increased import of sacrificial animals from bordering India and Myanmar. While visiting Gabtoli, Hazaribagh and Kamrangirchar cattle markets on Wednesday, this reporter found a large number of farmers with their animals – local, Indian and Burmese cows, buffaloes, camels and goats, mostly from the western and northern parts of the country. A camel was also available at Gabtoli, whose owner was demanding Tk10 lakh for it. The traders were asking Tk1.5 lakh for a sheep, while the average price of a medium-sized goat stood at Tk20,000. Besides Gabtoli, 19 other authorised makeshift markets have been erected around the city.