Cattle prices to increase over 10% this Eid-ul-Adha in Bangladesh

Published 2023년 6월 11일

Tridge summary

Bangladesh is experiencing a significant increase in cattle prices, projected to surpass 10% this year, as the country prepaes for Eid-ul-Azha. Despite having a robust stock of 12.5 million cattle for sale, the local farming community is fully prepared with around the same number as last year, showing no need for imports. To safeguard local farmers and prevent smuggling, the government has increased surveillance at borders. The Bangladesh Dairy Farmers Association (BDFA) has requested the ministry to ensure smooth transportation of animals from farms, and an increase in animal feed prices is expected to further drive up costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cattle prices will increase this year by more than 10% in the run-up to upcoming Eid-ul-Azha, despite Bangladesh having a stock of 12.5 million cattle for sale. Fisheries and Livestock secretary Dr Nahid Rashid said this during a cattle farm visit at Mohammadpur-Beribadh in the capital on Saturday. The secretary said local farmers and farms are ready with approximately 12.5 million animals suitable for sacrifice against 12.1 million in 2022. She gave the information while visiting Sadeeq Agro Ltd after inspecting various other farms in the area on the day. Rashid said there would be no need to import any animals. "To protect local farmers; we have increased surveillance in the border areas against any smuggling of cattle." About any unnecessary harassment of farmers and buyers from various parts of the country before the Eid, Dr Rashid said the National Emergency Service hotline number-999 would remain active. She also mentioned: "There is a hotline number available to report any ...
Source: DhakaTribune

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