Published:  03:26 AM, 12 August 2019 Last Update: 03:37 AM, 12 August 2019

Cattle traders sustain losses

Cattle traders sustain losses

Cattletraders are sustaining huge losses this year as the markets for sacrificial animalsin the capital saw unusually low turnout of buyers on the night beforeEid-ul-Azha when there were many animals left unsold.

Tradersat different cattle markets said they will be waiting overnight to sell theircattle and save their investment, let alone making profit.

Theysaid that finding many sacrificial animals remaining unsold until Sunday night,some buyers are offering half the price of their cattle.

A cattletrader reportedly died of cardiac arrest as he failed to sell his animals hetook to Gabtoli cattle market even at the purchase prices.

Marketsources said that ‘Juboraj’, one of the largest bulls put on sale in Gabtolimarket, remained unsold until Sunday night.

Accordingto statistics of the Department of Livestock, more than 11.7 million cattle,including cows, bulls, buffaloes, goats and sheep were brought to the marketthis Eid.

Last year, there were11.5 million cattle in the market and about 10.5 million of them wereslaughtered in the Eid.

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