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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.
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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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