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Steep rise in sheep prices during Eid.
RIYADH: The prices of sheep have gone up by more than 80 percent in some markets in the Kingdom, Al-Madinah newspaper reported Wednesday quoting buyers and animal traders.
According to the daily, the market experts attributed the steep rise in the animal prices to the lack of animal farms in the Kingdom and the hike in the prices of fodder, especially barley.
Dealers expect the prices of sheep to rise further with the advent of Eid Al-Adha when animals are sacrificed according to Islamic rituals.
The newspaper said the citizens were shocked by these prices, which were exaggerated and unprecedented. It said many people postponed their buying with the hope that the prices would come down during the last days of Eid.
In Riyadh, the prices of various species of sheep ranged from SR500 to SR2,400 while at the beginning of Ramadan they were between SR250 and SR1,000.
According to some customers, the price rise was caused by greedy traders who wanted to exploit the Eid season and other special occasions to make quick gains.
Other customers believe that the remarkable increase of animal prices was due to the high demand and low supply.
Saeed Al-Hammadi, a Saudi, told Al-Madinah that the sudden hike in the animal prices was another burden on the citizens, especially the low-income group. "We hardly finished buying Eid requirements for our children and family when we were shocked by the unbelievable rise in sheep prices," he said.
He recalled that last year the sheep prices also went up but this year the increase was phenomenal. He said the price per head of sheep ranged from SR850 to SR2,600.
Marzouq Al-Otaibi, whose occupation is animal husbandry, said it was normal for prices to go up during high seasons such as the Eids, while Miteb Al-Otaibi, who too raises animals, said lack of rain and the high prices of fodder were negatively influencing the prices and that was affecting the consumer.
Obaid bin Muhammad, an animal trader, said the merchants had no hand in the price hikes. "We buy sheep at high prices so we sell them at high prices too," he said.
~News.
Happy Eid Al Mubarak
To
All My Family In Islam.
Thank you for reading.
Take Care!
~Wassalam
Greeting!
Steep rise in sheep prices during Eid.
RIYADH: The prices of sheep have gone up by more than 80 percent in some markets in the Kingdom, Al-Madinah newspaper reported Wednesday quoting buyers and animal traders.
According to the daily, the market experts attributed the steep rise in the animal prices to the lack of animal farms in the Kingdom and the hike in the prices of fodder, especially barley.
Dealers expect the prices of sheep to rise further with the advent of Eid Al-Adha when animals are sacrificed according to Islamic rituals.
The newspaper said the citizens were shocked by these prices, which were exaggerated and unprecedented. It said many people postponed their buying with the hope that the prices would come down during the last days of Eid.
In Riyadh, the prices of various species of sheep ranged from SR500 to SR2,400 while at the beginning of Ramadan they were between SR250 and SR1,000.
According to some customers, the price rise was caused by greedy traders who wanted to exploit the Eid season and other special occasions to make quick gains.
Other customers believe that the remarkable increase of animal prices was due to the high demand and low supply.
Saeed Al-Hammadi, a Saudi, told Al-Madinah that the sudden hike in the animal prices was another burden on the citizens, especially the low-income group. "We hardly finished buying Eid requirements for our children and family when we were shocked by the unbelievable rise in sheep prices," he said.
He recalled that last year the sheep prices also went up but this year the increase was phenomenal. He said the price per head of sheep ranged from SR850 to SR2,600.
Marzouq Al-Otaibi, whose occupation is animal husbandry, said it was normal for prices to go up during high seasons such as the Eids, while Miteb Al-Otaibi, who too raises animals, said lack of rain and the high prices of fodder were negatively influencing the prices and that was affecting the consumer.
Obaid bin Muhammad, an animal trader, said the merchants had no hand in the price hikes. "We buy sheep at high prices so we sell them at high prices too," he said.
~News.
Happy Eid Al Mubarak
To
All My Family In Islam.
Thank you for reading.
Take Care!
~Wassalam