Traders Hope Cattle Prices Will Rise, Buyers Hope They Will Fall
With sales stalled at Dhaka's haats, traders are holding on for higher prices while buyers bet on a drop on the eve of Eid.
With sales stalled at Dhaka's haats, traders are holding on for higher prices while buyers bet on a drop on the eve of Eid.
Traders at Gabtoli say there are no takers for big cattle, with asking prices of up to Tk 18 lakh drawing low offers or none at all.
Qurbani animals are pouring into Jhalakathi's haats, but few buyers are coming, and farmers are worried about Indian cattle and pox disease.
A day after 40 cattle and six goats went to Dhaka on the Mango Special, no farmer hired the train's wagons.
The qurbani haat at Rangamati's truck terminal is crowded with buyers and sellers, with traders trucking animals on to Dhaka and Chattogram.
Nagad has set up booths at Dhaka's Gabtoli and Bosila smart cattle haats so buyers and sellers can pay without cash.
Higher feed and rearing costs have pushed up qurbani cattle prices at Dhaka's Aftabnagar haat, leaving buyers struggling and sellers worried.
Four named cattle, led by the 32-maund Kalo Manik, are the main attraction at Narayanganj's Fatullah DIT haat.
LivestockIn June 2023, a few days before Eid-ul-Azha, a black-and-white Australian cross bull its owner called 'Hero Alom' drew crowds at a cattle haat in Siddhirganj, Narayanganj. The owner said it weighed 30 maunds and asked Tk 25 lakh; the best offer so far, he said, was Tk 13 lakh.
Medium and large cattle dominate Chattogram's qurbani markets, where sellers are asking high prices but buying has not yet picked up.
The e-Commerce Association of Bangladesh has set a target of 50,000 sacrificial animals for Digital Haat this year, while warning online sales may drop by 20 per cent.
Joypurhat's largest cattle market is packed ahead of Eid-ul-Azha, with more cattle than last year and slightly lower prices, according to traders.
Traders in Dhaka's temporary cattle markets are asking Tk 6,000 to 7,000 more per maund than last year, and early buyers are mostly looking at small cows.