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Ramadan 2024: Rising sheep prices challenge consumers

Festivals Kuwait City 25 Jan 24
Ramadan 2024: Rising sheep prices challenge consumers
Rising sheep prices challenge consumers as Ramadan approaches.
Fee
Event Location
Kuwait, Kuwait
Area
Kuwait City
Start Time
25 January 2024, 12:00 AM
End Time
29 February 2024, 12:00 AM
Website

As the annual anticipation of Ramadan unfolds, the elite of sheep find themselves at the center of attention, accompanied by a significant surge in prices.

The Nuaimi sheep, a popular choice, has seen a staggering 30 percent increase, reaching 180 dinars compared to prices just two months ago. Expectations loom of further price hikes, potentially exceeding 250 dinars as the blessed month draws near.

However, buyers are hesitating to make purchases, citing the considerable inflation in the market and the scarcity of imported goods alongside weak local production. Despite the availability of various types of feed this year, there is a prevailing call for support towards local production and the encouragement of direct imports from Iran, Syria, and Jordan to alleviate costs and reduce prices.

Fahd Al-Shammari, who is involved in sheep slaughtering and processing, said that the sentiment of high prices and consumer reluctance. He urged the state to facilitate direct imports as a swift solution to reduce prices before Ramadan, warning of a potential crisis if the current trend continues.

Meanwhile, Sheep merchant Abu Dawood Al-Musafer highlighted the negligence of authorities in monitoring food security farms and livestock farms, critical for supporting the livestock industry.

As buyers shy away from the live meat market due to soaring prices, the refrigerated and frozen meat sectors experience a surge in demand. Despite the apparent shift in consumer preferences, traders express surprise at the government’s decision to halt live meat exports amid the local market’s significant deficit, questioning the feasibility of such exports when the local supply is already strained.

Kuwait rising sheep pricesKuwait Ramadan 2024



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