Somaliland: After Lifting Livestock Ban, Saudi Arabia Records 20% Drop in Sheep Prices

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The ship pictured here bound for Jeddah Saudi Arabia carried 65000 sheep and goats loaded at the Somaliland port of Berbera eabjournal photo

Somalilandsun- Over 2 million heads of sheep have already arrived at Jeddah Islamic Port since the beginning of Ramadan.
The huge imports mostly from the Horn of Africa geared towards feeding mostly from the Horn of Africa geared towards feeding and sacrificial purposes by pilgrims from all over the world now in the kingdom for the annual Haj and Eid Al-Adha,
In the meantime the Saudi gazette reports that Sheep prices are expected to decline by 20 percent following the lifting of ban on livestock imports from Somalia and arrival of two million heads of sheep.
According to Fahd Bin Siban Al-Sulami, a member of the board of directors of Jeddah Chamber of Commerce and Industry (JCCI). Al-Sulami , traders and investors in the sector have started receiving truck loads of sheep at Jeddah Islamic Port (JIP) and other seaports in the country to meet huge demand for livestock during Haj and Eid Al-Adha, when many people sacrifice animals to win the pleasure of Allah.
Annual investments in the Kingdom’s livestock market are estimated at SR11 billion, Al-Sulami said while praising the government’s efforts to ensure food security to enable citizens to lead a decent life. He commended the decision taken by Environment, Water and Agriculture Minister Abdul Rahman Al-Fadl to lift the ban on cattle imports from Somalia after reopening the quarantine. He said the government’s decision to import cattle from different countries including Spain and Georgia would stabilize prices, adding that it would benefit both traders and consumers.“The Saudi livestock market mainly depends on imports from Somalia and Sudan,” Al-Sulami said while talking to Al-Watan. About 80 percent of sheep sold in the market come from these two countries while the remaining heads of sheep are reared inside the country.
Over 2 million heads of sheep have already arrived at Jeddah Islamic Port since the beginning of Ramadan. Courtesy photoHe said the reopening of imports from Somalia would not only contribute to market stability but also bring down prices by more than 20 percent. “Many factors including fall in exchange rate of Sudanese pound have contributed to falling sheep prices in the Kingdom.” Al-Sulami said playing with sheep prices would not benefit anybody. “It’s demand and supply that determines sheep prices in the Kingdom. Adequate supply of sheep with the arrival of truckloads of cattle will naturally decrease prices,” he explain
Source: http://saudigazette.com.sa/

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