Sacrificial animal prices expected to be more affordable this Eid Al-Adha

This news has been read 1058 times!

Ministry acts to stabilize sacrificial animal prices ahead of Eid Al-Adha.

KUWAIT CITY, May 25: As the countdown to Eid Al-Adha begins, the country is witnessing significant activity to stabilize sacrificial animal prices, which typically surge during this festive season. This year, however, indicators suggest that prices will be more affordable and accessible to everyone.

Faisal Al-Ansari, Director of the Commercial Control Department at the Ministry of Commerce, disclosed to Al-Rai that the Ministry’s emergency team has conducted extensive visits to all sheep markets and auctions. These visits are part of a strategic plan to monitor prices and identify any attempts to exploit consumers during the sacrificial season. Additionally, sheep merchant Manawer Al-Wawan announced the import of approximately 30,000 sheep from Jordan, set to arrive via Iraq next week, following the recent arrival of about 800 sheep.

Al-Ansari highlighted that auctions are the primary source of sheep, and the emergency team is closely monitoring sales movements at these venues. Currently, prices are deemed appropriate, with the Iranian Shafali sheep priced between 75 and 90 dinars, while the local and Saudi Nuaimi sheep reach up to 120 dinars.

Al-Wawan reassured that various sacrificial animals are available to suit different financial capabilities, ranging from Australian and Somali sheep to Shafali and local Nuaimi. He emphasized that the season will continue until Eid Al-Adha, after which prices are expected to decrease further due to reduced demand and the summer travel season.

Sheep trader Suleiman Al-Musafer expressed optimism about the market’s recovery and anticipated price drops with the arrival of new sheep batches from Jordan and Saudi Arabia. He noted that this year’s sacrificial market prices are more reasonable compared to previous years, fostering a positive outlook for consumers.

This news has been read 1058 times!

Related Articles

Back to top button

Advt Blocker Detected

Kindly disable the Ad blocker

Verified by MonsterInsights