UAE: Eid Al Adha demand fuels livestock prices

Published Jun 26, 2023

Tridge summary

Demand for sacrificial animals for Eid Al Adha in Abu Dhabi is high, leading to an increase in prices. Some popular varieties of goats and sheep have increased by up to Dh300, with smaller goats and sheep priced at around Dh600 to Dh800. The rise in prices is attributed to the increased demand during religious and social occasions, and some customers are advised to purchase sacrificial animals before the start of the Eid season to avoid exploitation by traders and suppliers.

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Original content

Abu Dhabi: Demand for sacrificial animals, such as goats and sheep, remains strong for Eid Al Adha, the Islamic Festival of Sacrifice, which this year falls on June 28, 2028. Due to a spike in demand, prices of some popular varieties of the animals at the livestock market in Abu Dhabi have increased by up to Dh300, traders and customers say. Smaller goats and sheep are priced at around Dh600 to Dh800. Prices vary according to the variety, weight, health and country of origin of the livestock. Muslims buy sacrificial animals for Eid Al Adha to donate some of the meat to charity, gift a portion to loved ones, and for preparing feasts at home. Ibrahim Al Thahli, owner of Al Mir’s Kitchen for Traditional Cuisine, a restaurant in Abu Dhabi, told Gulf News: “The prices of sheep and other sacrificial animals rise on religious, social and national occasions. It is known that the market is subject to supply and demand and because the demand for meat and sacrificial animals rises during ...

Source: Gulfnews