Bangladesh: Lukewarm turnout at cattle markets due to high prices, low demand

Despite a significant quantity of sacrificial animals on the market, animal prices have remained high due to continuous economic pressure from inflation, and an increase in the price of animal feed. The impact from multifaceted macroeconomic pressure can be seen in the country's Eid animal markets, especially in the capital, where the price of animals is at least 20% higher than last year. Furthermore, due to the enormous expansion in the number of cattle farms in the country, there is a trend in the market to sell animals in kilos, and ordinary consumers also want to buy in kilograms to coordinate their wants and budget. According to the Department of Livestock, the total number of reared animals to be sacrificed is 10.25 million 36 thousand and 333, a figure that is 411,944 higher than the previous year. However, the prospective demand for sacrificial animals this year is 10.03 million 94 thousand and 739, implying that more than 2.1 million animals will go unsold. While ...