Hyderabad: Ahead of Eid-ul-Adha which will be celebrated on 12th August, sheep prices are likely to hit a new high.
It is anticipated that Hyderabad may witness supply-demand mismatch as the demand for sheep is likely to increase this year. Sheep traders believe that people may avoid big cattle due to possible hurdles by certain groups.
Rain is another factor which impacts the prices of the sheep as transporters charge more during the rainy season.
The prices of sheep are likely to increase by 20% compared to last year.
The cost of each big sheep is expected to be between Rs. 25000 and Rs. 40000.
It may be mentioned that many online portals have come up with an idea of an online market for sheep. However, people prefer buying it after visiting the conventional market to ensure the health of the animal.
In Hyderabad, lakhs of animals are sold on the occasion of Eid-ul-Adha festival. These animals are brought into the city from various States including, Gujarat, Rajasthan, Madhya Pradesh, Karnataka, Andhra Pradesh and Maharashtra.
Helping Hand Foundation provides facility
On the occasion of Eid-ul-Adha, Helping Hand Foundation (HHF) will make arrangements for sacrificing and distributing the meat of the sheep weighing 13-15 kg against payment of Rs. 8000.
The meat will be distributed among poor families and patients who are facing life-threatening diseases.