Prices of various cattle breeds auctioned at the Pugu market last week registered a significant rise largely due to decrease in supply.
During the week under review cattle supply at the auction decreased to 3, 710 compared to 3,906 registered in the previous session, representing five per cent fall.
During the week under review cattle supply at the auction decreased to 3, 710 compared to 3,906 registered in the previous session, representing five per cent fall.
Similarly, the prices for goats increased during the week across all breeds characterised by the decrease in supply.
The supply of goats during the week declined to 1,659 compared to 1,890 auctioned in the preceding market a week before representing 12.2 per cent change.
The supply of goats during the week declined to 1,659 compared to 1,890 auctioned in the preceding market a week before representing 12.2 per cent change.
The supply of sheep at the auction increased to 1,505 compared to 1,400 of the previous market, with the session being characterised by mixed price reactions.
According to the statistics from the Ministry of Industry and Trade, revenues generated from Pugu cattle auction market increased to 2.59bn/- from 2.54bn/- last week, characterised by falling supply from key markets of the Lake, central, southern and northern zones.
The average prices for mature cattle female grade two (G2) increased to 750,000/- from 700,000/-of the previous market, which is 7.1 per cent decline. Also, the prices for grade three (G3) female cattle recorded 11.1 per cent rise to 500,000/- from 450,000/- of the previous market.
The prices for mature cattle male grade (G2) increased to 870,000/- from 850,000/- recorded in the previous period, representing a 2.3 per cent change. The prices of the male cattle grade (G3) increased to 680,000/- from 600,000/- of the other market, equal to 13.3 per cent change.
Similarly, the prices for mature female goat grade two (2) increased to 120,000/- from 90,000/- of the previous session, equivalent to 25 per cent change. The prices for female goats grade three (3) increased to 95,000/- from 80,000/- , which is 0.1 per cent change.
Mature male goats grade two (2) increased to 150,000/- from 110,000/- of the previous session which is 13.6 per cent change while goats grade three recorded price increase to 115,000/- from 90,000/- of the preceding marketing period, which is 11 per cent change.
The prices for mature female sheep grade (2) increased to 90,000/- from 85,000/- of the previous market which is 5.8 per cent change while female sheep grade (3) saw its prices slowing to 50,000/- of the previous market, which is 9 per change.
The prices for mature male sheep grade (2) increased to 110,000/- from 105,000/- of the other market which is 4.7 per cent change, while the prices for male mature goat declined to 85,000/- from 100,000/- of the previous market which is 15 per cent.
According to the statistics from the Ministry of Industry and Trade, revenues generated from Pugu cattle auction market increased to 2.59bn/- from 2.54bn/- last week, characterised by falling supply from key markets of the Lake, central, southern and northern zones.
The average prices for mature cattle female grade two (G2) increased to 750,000/- from 700,000/-of the previous market, which is 7.1 per cent decline. Also, the prices for grade three (G3) female cattle recorded 11.1 per cent rise to 500,000/- from 450,000/- of the previous market.
The prices for mature cattle male grade (G2) increased to 870,000/- from 850,000/- recorded in the previous period, representing a 2.3 per cent change. The prices of the male cattle grade (G3) increased to 680,000/- from 600,000/- of the other market, equal to 13.3 per cent change.
Similarly, the prices for mature female goat grade two (2) increased to 120,000/- from 90,000/- of the previous session, equivalent to 25 per cent change. The prices for female goats grade three (3) increased to 95,000/- from 80,000/- , which is 0.1 per cent change.
Mature male goats grade two (2) increased to 150,000/- from 110,000/- of the previous session which is 13.6 per cent change while goats grade three recorded price increase to 115,000/- from 90,000/- of the preceding marketing period, which is 11 per cent change.
The prices for mature female sheep grade (2) increased to 90,000/- from 85,000/- of the previous market which is 5.8 per cent change while female sheep grade (3) saw its prices slowing to 50,000/- of the previous market, which is 9 per change.
The prices for mature male sheep grade (2) increased to 110,000/- from 105,000/- of the other market which is 4.7 per cent change, while the prices for male mature goat declined to 85,000/- from 100,000/- of the previous market which is 15 per cent.
Source: Daily News, reported from Dar es Salaam, Tanzania
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