Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Livestock prices shoot up ahead of Eid Al Adha  Join our daily free Newsletter

MENAFN - Khaleej Times - 06/10/2012

No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) With Eid Al Adha drawing closer, the prices of commodities have been increasing day by day despite assurance from the Ministry of Economy that markets are under close watch.

In fact, the annual race for hiking of livestock prices has already begun with traders in Fujairah markets hiking prices as would be the case in other markets in the country.

Unscrupulous traders jack up the prices of sacrificial animals ahead of the event, despite strict measures taken by the Ministry.

Sheep prices rose by 10 per cent, according to sources at the Fujairah livestock market, and the hike will shoot up to as much as about 60 per cent before Haj. It will continue until the end of day of Eid Al Adha. The prices of goats and local and Iranian rams are also going up.

"Two weeks ago, the price of a small Somali sheep weighing about 10kg ranged from Dh400 to Dh500, and now it has shot up to Dh600," said Habib Mohammed, livestock seller at the market.

Habib said the price of the Australian sheep varies from Dh800 to Dh1,200 depending on its weight, while the Iranian goat weighing about 7kg reaches Dh350. The Iranian goat which weighs from 10kg to 12kg is sold at Dh500, while a goat that weighs between 15kg and 18kg starts from Dh800.

He said the cost of locally-bred sheep starts from Dh700 and can go up to Dh1,500.

"I have come along with relatives to buy sheep for a special feast we are intending to hold, but unfortunately we found the prices very high though there is almost three weeks left for Eid Al Adha," Saeed Khalfan, an Emirati said. He added that the goats and sheep displayed are skinny.

"The prices are expected to go up again," he added. "The Ministry has chalked out a full-fledged plan ahead of Eid Al Adha focusing mainly on sheep and livestock markets countrywide, as well as vegetables, fruits and food products markets, Director of the Consumer Protection Department at the Ministry of Economy, Dr Hashim Al Nuami said.

All markets are under control, and the Ministry will keep close watch. He, however, said the available reports confirm that the prices of items are stable.

The markets generally, and livestock in particular, are subject to strict monitoring, he reiterated.

In the market, prices of local and imported red meat are clearly varied, especially in big and small butcher shops with a difference ranging from Dh3 to Dh 9 per kilogram.

The price of imported Australian sheep ranged from Dh34 per kg to Dh41.9 per kg, while the price of Australian mutton without bones ranged from Dh56 to Dh62.90 per kg.

"The price of meat is continuously increasing. This month the price of Pakistani mutton ranged from Dh33 to Dh34 per kg compared to Dh26 to Dh28 last month, and without bargain, said Lubna Abdullah, housewife.

She said she is afraid that the price of meat will keep going up with Eid Al Adha drawing near. She, however, said she would stock meat much before Eid, so that she gets it at a good price.

An owner of a butchery, which sees a big rush of customers, said the meat prices during this period of the year are relatively constant compared to previous periods. He however expected a price hike closer to Eid.

"The meat of the Australian calf is at present at Dh40 per kg and closer to Eid the price will go up by say 10 to 20 per cent," he said.

The price of fruits and vegetables in the Fujairah market has shown an upward trend due to the acute shortage and rise in the price of fish. The price of one kilogram of Al Sheri fish increased to Dh55 and Dh60, from Dh30 to 35 recently.

The price of one kilogram of Kanad fish stood at between Dh65 and 70 while its price used to range from Dh40 and Dh50 per kilogram.


  MENA News Headlines
Apr 24 2014Qatar- HH Sheikha Moza Meets Mayor of Kobe Visits RIKEN Research Institution ,Qatar News Agency
(MENAFN - Qatar News Agency) Kobe April 24 - Her Highness Sheikha Moza bint Nasser Chairperson of Qatar Foundation for Education Science and Community Development (QF) today held a meeting with the ...

Apr 24 2014Qatar- Sidra-BMC Event Boosts Biomedical Research Publishing ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - A symposium organised jointly by Sidra Medical Research Centre and BioMed Central (BMC) mulled trends in research and on open access publishing here ...

Apr 24 2014Qatar- Mannai Corp Q1 Net Profit up 73% to QR 150.1 Million ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - Qatar Exchange listed Mannai Corporation (QE: MCCS) net profit is up 73% to QR 150.1 Million for the first quarter of fiscal year 2014 ending March 31 ...

Apr 24 2014Bahraini firms forecasted to grow 10 pct ,MENAFN
(MENAFN) In a report based on a study of over 650 companies across GCC, Kuwait Financial Centre (Markaz) forecasts a growth of the Bahraini companies' earnings by 10 percent in 2014, Gulf Daily News ...

Apr 24 2014Israeli Army Storms Deir Samit Village West of Hebron ,Qatar News Agency
(MENAFN - Qatar News Agency) bron April 24 - Israeli army forces stormed at dawn Thursday Deir Samit village southwest of Hebron city in the West Bank. The Israeli forces conducted raid and search ...

Apr 24 2014Qatar Airways to add more seats on Doha-Vienna route ,MENAFN
(MENAFN) Qatar Airways plans to offer more 1.700 seats on its Doha-Vienna route beginning from September 2014, according to Gulf News. The company aims to expand the growing passenger demand from ...

Apr 24 2014Dubai SME ties up with Taylor Wessing to raise awareness on Intellectual Property and fund-raising among SME100 firms ,MENAFN Press
(MENAFN Press) Dubai SME, the agency of the Department for Economic Development in Dubai mandated to develop the SME sector, have signed a memorandum of understanding (MoU) with the international law ...

Apr 24 2014Mannai Corporation net profit soars 73 percent in Q1 ,MENAFN
(MENAFN) Qatar's Mannai Corporation said that its net profit in the first quarter of this year increased significantly, the Peninsula Qatar reported. The group said that net profit in the period ...

Apr 24 2014Qatar- QFC Authority Five-a-Side Football Tournament Kicks Off ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - Qatar Financial Centre (QFC) Authority's first Five-a-side Football Tournament is displaying dribbling skills of executives from Doha's financial ...

Apr 24 2014Georgian Justice Minister Leaves Doha ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - HE Minister of Justice of Georgia Tia Tsulukiana left Doha on Thursday morning wrapping up a two-day official visit to the country. An agreement on ...

Apr 24 2014Egyptian Premier Off to Chad ,Qatar News Agency
(MENAFN - Qatar News Agency) Cairo April 24 - Egyptian Prime Minister Ibrahim Mehlib left cairo on Thursday for Chad the first leg of a three-day two-state trip that will also take him to Tanzania ...

Apr 24 2014Australian Federal Parliament Deputy Speaker Meets HE Qatari Ambassador ,Qatar News Agency
(MENAFN - Qatar News Agency) Canberra April 24 - Australian Federal Parliament Deputy Speaker Bruce Scott met here Thursday with HE Qatar's Ambassador to Australia Yousef bin Ali Al ...

Apr 24 20143 GCC countries among top 30 on network readiness index ,MENAFN
(MENAFN) According to an annual global technology survey for network readiness index for 2014, three GCC countries have made it to the top 30 list for the third year in a row, Gulf Daily News ...

Apr 24 2014Qatar Stock Exchange Down 0.05% ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - The Qatar Exchange ended in the red area when trading closed Thursday at 12954.93 points (0.05%) down 6.63 points from the previous closing of 12961.56 ...

Apr 24 2014Morocco Admitted As Observer Member to SICA ,Qatar News Agency
(MENAFN - Qatar News Agency) La Romana Dominican April 24 - Morocco has been admitted as an observer member in the Central American Integration System (SICA) which also includes each of Belize ...

Apr 24 2014Redefining large AOC launches 28€³ MVA monitors ,MENAFN Press
(MENAFN Press) Display specialist AOC launches its first two 28" (71.1 cm) monitors. The m2870Vhe and m2870Vq feature extra-large 16:9 MVA panels with Full HD resolution, wide viewing angles and high ...

Apr 24 2014Finance House Q1 Net Soars 38% to AED 35.51 Million ,MENAFN Press
(MENAFN Press) Finance House PJSC (FH), has kicked-off 2014 on an upbeat note by registering a consolidated net profit of AED 35.51 million for the first quarter of 2014, which is nearly 38% higher ...

Apr 24 2014Mazola launches Sunflower Oil in new 1.8 litre label and packaging ,MENAFN Press
(MENAFN Press) Mazola, one of the leading names in the regional food industry, today announced the launch of its 1.8 litre Sunflower Oil in a brand new pack and label design. The new look perfectly ...

Apr 24 2014Israeli Tanks Enter Gaza Border area ,Qatar News Agency
(MENAFN - Qatar News Agency) Gaza April 24 - Six Israeli military tanks on Thursday entered a border area in the southern Gaza Strip witnesses said. The tanks crossed into Gaza in an area called ...

Apr 24 2014President Salva Kiir Relieves his Chief of the General Staff ,Qatar News Agency
(MENAFN - Qatar News Agency) Juba April 24 -South Sudanese President Salva Kiir relieved Chief of the General Staff of south sudan army James Hoth Mai. This came in a presidential decree aired ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help