In view of Eid Al Adham, festival of Muslims which would be celebrated on the 29th of June, Thursday, the prices of sacrificial animals, particularly sheep, witnessed a surge in Hyderabad.
According to sources, the average price of a 10 kilogram sheep has skyrocketed from last year’s Rs. 9,000 to Rs. 11,000. As per traders this sudden price jump is due to the higher expenses involved in bringing the sheep to the city. Mr. Muzaffar Ali, a trader, said, the prices surged due to the increased cost compared to the previous year.
Furthermore, another trader named Zaki stated that the high prices of sheep in Hyderabad are primarily a result of the demand supply mismatch in the market. The surge in demand for sacrificial animals during Eid Al Adha has caused the prices to rise significantly.
In addition, the festival of Eid ul Adha, celebrated by Muslims is also a golden chance to earn money. For this, several cattle traders from various regions such as Andhra Pradesh, Karnataka, Uttar Pradesh, and Maharashtra flock to Hyderabad to sell their animals at temporary markets. These markets, which are set up annually, cater to the substantial demand for sacrificial animals during this festive period.
The most prominent Eid Al Adha markets in Hyderabad can be found in Mehdipatnam and Jiyaguda. Additionally, other locations where animals can be purchased for the festival include Balapur, Falaknuma, Kalapather, Langer Houz, Chanchalguda, Khilwat, Mallepally, and Bowenpally.
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