Cattle supply reduces prices at Pugu market

According to the Ministry of Industry and Trade weekly report ending last Friday, the average sales per day climbed to 775 from 742 cattle a day of various breeds.

The report shows the sharp drop was registered at the mature grade 2 (G2) male cow that slid by 7.3 per cent to 750,000/- per head while G3 prices dropped by 6.8 per cent to 500,000/- for an animal.

Female cattle prices went down by 1.0 per cent to 475,000/- and 3.9 per cent to 450,000/- per cattle for G2 and G3 respectively. The increased supply assisted keeping meat prices at equilibrium following a brief destabilization during a recently religious festival that saw cost of a kilogram of a beef surge to between 7,000/- and 8,000/- .

The ‘Daily News’ spot survey shows that the prices have since dropped to equilibrium level of around 5,000/- and 6,000/- for a kilo of beef, depending with a suburb location. Also, on the goat market supply went up by slightly over 10 per cent to 335 animals, dragging down substantial animal costs by almost 20 per cent.

The highest fall was registered for prices of female G3 and male G3 after they plummeted by almost 25 per cent each to 45,000/- and 50,000/- per goat respectively. For female G2 and male G2 goats, the prices of animals slid by 13.9 per cent to 80,000/- and 15 per cent to 110,000/- per animal.

However, on sheep supply, the market experienced a sharp decline after number of animal that were sold plunged by 24.2 per cent to 100 sheep, triggering prices rise. The prices for female G2 and G3 climbed up by 6.6 per cent and 4.4 per cent to 70,000/- and 47,000/- per sheep respectively while G2 jumped up by 6.2 per cent to 85,000/- and G3 stagnant at 55,000/- per animal.




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