After last couple of days’ downtrend, the sale of sacrificial animals picked up in the capital’s cattle markets on Monday, one day before the Eid-ul-Azha.
The demand for medium-sized animals made the sellers too happy.
The supply of cattle increased matching the crowding buyers on the first day of official holiday at different markets in the city.
The city authorities set up 19 cattle markets, besides the permanent one at Gabtoli.
At Gabtali, Nayabazaar, Aftabnagar and Agargaon and the other cattle markets, both sellers and buyers said the supply of cattle increased matching the crowd of buyers.
Cattle prices ranged from Tk 20,000 to as high as Tk 12 lakh at different markets.
But cows costing between Tk 30,000 and Tk 70,000 were on high demand.
Many sellers said their fellow cattle traders from different parts of the country came rushing on Monday on hearing that the price soared compared to last few days.
Buyers said that the sudden soaring prices at the last moment were puzzling.
At Gabtali cattle market, Asmat Bepari, a trader from Kushtia, told New Age that some of the sellers in his group were waiting in the villages with the cattle they had collected for selling.
They were asked to bring their cattle to the capital, he said.
‘If the price falls again, we would advise them to sell their cattle at local markets’, he said.
At Nyabazaar cattle market, buyer Mujubur Rahman, said the supply of the sacrificial animals is more this time than previous years.
Many sellers and buyers said that the sales and the prices would pick up on the last day, Tuesday.
Hafizur Miah, a businessman from Old Dhaka, told New Age that the prices went up at Nayabazaar Market on Monday.
He said he bought two cows for Tk 85,000, and it would cost him at least Tk 15,000 less if he bought on Sunday.
Ilias Rashid, the leaseholder of Nayabazaar cattle market said buyers turned up in big numbers and the sales were satisfactory.
He noted that sales would increase further today.
Many city dwellers opted to buy on Monday sensing that the price could rise on Tuesday, Ilias added.
He said medium sized cows were on high demand.
The price of goats also went up on Monday, ranging from Tk 6,000 to Tk 25,000 per goat.
Traders bought the goats from small farmers on the previous day taking advantage and made the profit.
The goat traders felt too happy with the extra profit they made.
Karomali Bepari, a trader from Pabna, who bought 140 goats on the previous days from the Gabtoli cattle market, said he sold about 60 of them at good margins.
If the trend continues, he expects to earn profits worth Tk 80,000 out of his investment of Tk 7 lakh in goats.
-With New Age input
