Saudi Arabia’s cattle markets are seeing a sharp decline in prices as Eid Al Adha draws near, providing much-needed respite to customers. An inflow of duty-free imported animals that arrived just in time for the Hajj season is the main cause of the dramatic drop.
Livestock sellers report that prices have fallen by up to 30% in some regions, making sacrificial animals more affordable for worshippers preparing for the religious festival. Breeds imported from Sudan, Somalia, and other neighboring countries have eased pressure on local supply chains.
In an effort to stabilise the market and assist its inhabitants in the face of rising prices elsewhere, the Saudi government has made it easier for these livestock shipments to enter the country. In order to guarantee affordability and health requirements, temporary solutions include simplified veterinarian inspections and the waiver of customs taxes.
Customers are being advised to buy now while supplies last because demand is predicted to soar during the days of Eid. The action shows a proactive effort to striking a balance between economic accessibility and religious tradition.
