30 January 2013

Tanzania: Increased Cattle Supply Pulls Down Prices At Pugu

THE weekly cattle supply at Pugu market increased to 645 from 512 of the previous session, which is equivalent to 25.9 per cent rise, the situation that brought about insignificant change in the retail prices.

The Ministry of Industry and Trade weekly report shows that prices for the mature cattle grade (G2) declined to 557,000/- in the period under review, from 581,000/- recorded in previous week, which is 19.8 per cent change. Likewise, the prices for the grade (G3) female cattle dipped to 465,500/- during the week from 470,000/- of the period before, equivalent to 0.9 per cent change.

The prices for the mature cattle grade (G2) fell to 680,000/- in week, representing 19.9 per cent change from 848,500/- of the previous month. The value of the male cattle grade (G3) recorded a 2.2 per cent change falling to 544,000/- in the period under review compared to 556,000/- in the week earlier.

Meanwhile, the average sales per market day for goats increased to 371 during the week, equivalent to 20.8 per cent change compared to 307 supplied in the preceding period.

Likewise, the average sales per market day for sheep increased to 217 during the week from 154 in the previous session, which is 40.9 per cent change.

Consequently, the increase of supply led to the decline of prices for the mature goat grade (G2) to 70,000/- in the period under review, a 10.8 per cent change from 78,500/-. The prices for the mature sheep (G3) dropped to 42,000/- from 46,000/-, which is 8.7 per cent change.

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