MEAT price in Dar es Salaam has tumbled down by 7.0 per cent in the last one week as demand fall after the end-year festivals.
The price sky-rocketed last month mainly following a strong demand from holiday makers but went down to 6,500/- a kilo from between 7,000/- and 7,500/-.
Butchers attribute the price increase in December to cattle keepers and brokers who took advantage of the long end year festive season to hike prices at auctions.
A butcher at Buguruni Market, Mr Steve Chigata, told the 'Daily News' yesterday that the price began to fall after cattle supply at Vingunguti and Pugu improved.
He predicted the price to decline further. "In the next two to three month prices may go down to between 5000/- and 5,500/- a kilo (although) this depends much on the supply side happening," he said.
He said in the first quarter of each year, demand for meat usually drop substantially due to low purchasing power of the people after meeting financial obligations of the beginning of the year.
Mr Chigata said cattle traders hiked prices of the animals to cash in from the soaring demand of meet during Christmas and New Year festivals.
Another butcher, Michael Manyerenzi said the recent trend of meat prices of ups and downs were in direct relation to the Christmas and New Year festivals.
"The festivals helped us to increase our sales by roughly 30 to 40 per cent," Mr Manyerenzi said. Mr Emmanuel Leonard also a butcher said after the festivals their business declined and they were now struggling to sell roughly 40kg per day, a phenomenal not experienced last January.
"The situation is tense... but we are struggling to stay on course despite falling of prices at wholesale markets," Mr Leonard said. According to him the weekend and the two public holidays that followed had no impact on price movement of the meat.
A wholesaler meat trader, Chris Mika said wholesale prices for meat had gone down to between 4,300/- and 5,500/- per kilogramme from 6,000/- per kilogramme warranting butchers to sell at between 6,000/- and 6,500/- per kilogramme depending on the location.
"It's normal in January prices drop as farmers are broke and want to meet school fees and other obligations... in the end year period they are preparing farms thus they did not do much," Mr Mika said.
It is estimated that between 800 and 1000 cows are slaughtered daily in Dar es Salaam.