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Livestock prices soar in Gaza

Each year around Eid al-Adha, the demand for sacrificial animals rises simultaneously with their prices, but more Gazans than ever are left unable to buy them as the already difficult economic situation worsens.

GAZA CITY, Gaza Strip — “They look around, ask about prices and then leave,” Ibrahim Suri commented on Palestinians who visit his farm, where there are hundreds of calves, cows, sheep and goats. He sees a high turnout before Eid al-Adha each year, the most important season for livestock traders, who sell large numbers of animals for sacrifice.

In an interview with Al-Monitor, Suri attributed the citizens’ reluctance to buy livestock to rising prices. This situation will result in heavy losses for him, as he recently bought a great number of livestock and could only sell a few. According to him, the prices increased by 20% compared with last year, and he does not believe prices will drop by the 2015 Eid al-Adha later this month.

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