12 February 2013

Tanzania: Meat Prices Up As Cattle Supply Drops

THE weekly cattle supply at Pugu market declined to 621 from 645 of the previous session, representing 3.7 per cent fall, the situation that contributed to significant rise of prices.

According to the Ministry of Industry and Trade weekly report shows that the price for the mature cattle grade (G2) declined to 600,000/- in the period under review, from 557,000/- recorded in previous week, which is 7.7 per cent change. Likewise, the price for the grade (G3) female cattle dipped to 450,000/- during the week from 465,500/- of the period before, equivalent to 3.3 per cent change.

The price for the mature cattle grade (G2) rose to 800,000/- in week, representing 17.6 per cent change from 680,000/- of the previous period. The value of the male cattle grade (G3) recorded a 1.1 per cent increasing to 550,000/- in the period under review compared to 544,000/- in the week earlier.

Meanwhile, the average sales per market day for goats declined to 200 during the week, equivalent to 46.1 per cent change compared to 371 supplied in the week before. Likewise, the average sales per market day for sheep declined to 152 during the week from 217 in the previous session, which is 29.9 per cent change.

Consequently, the supply cut led to the rise of price for the mature goat grade (G2) to 85,000/- from 70,000/- of the previous period, a 21.4 per cent change. The price for the mature sheep (G3) increased to 70,000/- from 54,000/-, which is 29.6 per cent change.

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