Eid Al idha: The echo of inflation resonates

Eid Al idha: The echo of inflation resonates
Eid Al idha: The echo of inflation resonates

Like every year, the approach of Eid Al Adha is fueled by a wave of speculation on sheep prices. Again, 2024 is no exception to the ritual. Indeed, sheep prices could experience a remarkable increase, enough to arouse fears for households already strongly impacted by inflation (7.5%) which, ultimately, has spared no sector.

In a difficult economic context, sheep prices are experiencing a significant increase. The trying situation is looming for both breeders and consumers. This increase in prices is often attributed to the consequences of several consecutive years of drought. Other factors also contribute to inflation. Thus, due to the effects of drought on agriculture and consequently on pastoralism, the cost of feed for livestock has increased significantly, which will inevitably have an impact on the selling price of sheep.

Regarding the current situation, it is essential to contextualize it. It is first worth considering the supply chain disruption in the global market, which dates back to the Covid-19 pandemic. The war in Ukraine, one of our main suppliers of grain and other essential foodstuffs, has only made the situation worse. Even more alarming, water stress has considerably reduced water resources and fodder availability.

For all these reasons, breeding is no longer practiced in optimal conditions, particularly due to the increase in livestock feed prices.

On an international scale, breeders and farmers are often threatened by the risks of climate change, especially droughts. Added to these are the consequences of global inflation which has impacted breeding. The latter being dependent on inputs, the increase of which inevitably leads to an increase in livestock prices.

Import: a measure cyclical

The president of the Chamber of Butchers, Ahmed Laâmiri, said that nearly 65% ​​of Tunisian families were unable to buy sheep last year because prices were exorbitant. Laâmiri confirmed in a statement that sheep prices will increase this year for several reasons, including a significant shortage of production, in addition to the fact that the price of a kilogram of live meat will exceed twenty dinars, while it was eighteen dinars last year.

He also stressed the need to resort to the importation of sheep, otherwise the price of sheep this year will be very high indicating that the chamber is seeking to intervene to import sheep, knowing that Tunisia should provide one million sheep on the occasion of Eid El Kebir.

It must be recognized that livestock feed prices continue to record significant increases, following the global trend. Another factor contributing to this situation is the decline in fodder production. The deterioration of vegetation in pastures, mainly due to drought, adds its part, painting a picture which testifies to a real increase in the price of red meats, a trend which seems to be lasting.

This year, despite a drop observed in the global market in the price of animal feed, fluctuations continue to affect the national market. In addition to climatic factors, this price variation is also due to the increase in demand from fattening and breeding units, particularly in preparation for Eid Al Idha.

One increase leads to another. Caught in the grip of this vicious circle, citizens find themselves helpless in the face of measures that struggle to alleviate pressure. As Eid Al Idha approaches, red meat prices are reaching unprecedented prices, mainly due to the increase in the cost of animal feed.



PREV F1. Max Verstappen misses pole position for first time in 2024
NEXT Who is Carlo Acutis, the 15-year-old to become the first ‘millennial saint’? –Firstpost