Cattle supply dwindles, prices up

The weekly cattle supply at Pugu market declined slightly by 0.9 per cent to 559 from 564 of the previous session, leading to significant price rise.

According to the Ministry of Industry and Trade weekly report, the price of mature cattle grade (G2) increased to 634,500/- in the period under review, from 623,000/- recorded in previous week, an increase by 1.8 per cent.

But the price for the grade (G3) female cattle dipped slightly to 570,000/- from 710,000/- recorded in the previous session. The prices of the male cattle grade (G3) increased to 600,000/- from 585,000/- of the preceding market session.

Meanwhile, the average sales per market day for goats increased to 409 during the week, equivalent to 19.6 per cent change compared to 342 supplied in the week before. 

The demand and supply forces could have taken its toll after seeing the prices for the mature goat (G2) fall to 85,000/-, 2.3 per cent down from 87,000/- of the previous session.

Similarly, the prices for the female goat (G3) dipped to 70,000/-, a 4.8 per cent fall from 73,500/- of the last market. 

The average sales per market day for sheep increased to 212 from 207 supplied in the previous market, representing 2.4 per cent change.

Despite the increase in supply, prices for the mature sheep rose to 58,000/- compared to 57,000/- in the preceding market.

However, the prices for the female sheep slipped to 47,500/- compared to 50,000/- of the earlier market session.
Source: The Daily News,  reported from Dar es Salaam
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