Economy
Ethiopian New Year Livestock Markets Face High Prices and Low Demand
BirrMetrics · 2 weeks ago · Read the Full Story on BirrMetrics
AI SUMMARY
Ahead of the Ethiopian New Year, livestock and food supplies are abundant, but soaring prices and shrinking purchasing power are forcing households to scale back holiday traditions.
- Livestock markets across Addis Ababa and Shashemene are full of animals and food items for the Ethiopian New Year 2019, but consumer purchasing power has sharply declined.
- Sheep prices range from 10,000 to 20,000 birr, marking a significant increase compared to previous holiday periods.
- Chickens are selling for between 1,500 and 3,000 birr depending on their size.
- Cattle prices vary widely, with cows selling between 50,000 and 70,000 birr and fattened bulls ranging from 100,000 to 200,000 birr, while large oxen reach up to 360,000 birr.
- Unlike sheep, cattle prices in some markets have declined compared to Easter due to seasonal demand shifts.
- Basic food items like onions cost 110 to 120 birr per kilogram, berbere ranges from 950 to 1,000 birr per kilogram, and butter has reached approximately 1,800 birr per kilogram.
- Households are adopting coping mechanisms such as buying smaller quantities of meat instead of an entire sheep, postponing new clothes, and reducing the number of holiday dishes.
- Traders are also struggling because high acquisition and transport costs prevent them from lowering prices despite weak sales.
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