Sheep Prices Continue To Rise

Amidst concerns regarding monopolistic practices and market shortages, sheep prices in Kuwait have remained elevated, with expectations of heightened demand during the upcoming month of Ramadan. Despite reports of an incoming shipment aimed at bolstering supply and potentially mitigating prices, market conditions have largely remained unchanged. Sheep vendors have confirmed that prices have remained stable, ranging from 100 to 160 dinars per head depending on the breed and age of the animal. Specifically, Al-Naimi sheep are priced between 120 and 160 dinars, while Shafali sheep range from 100 to 130 dinars. As the holy month of Ramadan approaches, carcass prices have also seen an increase.

Despite leaks from government sources about the impending arrival of new sheep shipments, prices have not seen significant impacts. Market traders attribute the seasonal rise in carcass prices to the anticipated demand during Ramadan and the subsequent Eid Al-Adha celebrations. Fahd Al-Arbash, Chairman of the Restaurants, Cafes, and Food Supplies Union, announced the arrival of new shipments of live sheep from various countries, including Iran and Jordan, aimed at alleviating the current shortage in Kuwait. He expressed optimism that the influx of sheep would lead to a decrease in prices and help mitigate monopolistic practices in the market.

Acknowledging challenges in the market, including limited import options and monopolistic behavior, Al-Arbash emphasized the need for broader access to livestock import licenses and increased support for local breeders. He also called for stricter monitoring of illegal activities in the market and urged the Ministry of Commerce to consider adding fresh meat, such as chicken, to the ration card. Additionally, commercial sources revealed the arrival of a new shipment comprising 37,500 Australian sheep, expected to further alleviate market shortages and potentially lower prices in the coming days. Despite recent fluctuations, market observers anticipate a notable decrease in livestock prices shortly.

By Abdel Nasser Al-Aslami

Al-Seyassah/Arab Times Staff

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