Business
Livestock Dealers Lament Dwindling Business
Livestock dealers in the
Mile Three areas of Port Harcourt have lamented over poor sales so recorded in recent time.
The dealers in the popular Mile Three livestock market which is believed to be the major livestock market in Port Harcourt, on Wednesday attributed the downward trend in their business to the recent Ramadan fast declared for Muslims.
Some of them believed that since the major suppliers of their stock are muslims, and coupled with the fact that they get supplies from the north, that the fasting has reduced their supplies.
According to Mr Simeon Odike, one of the dealers who bared his mind while interacting with The Tide on the issue said most of the suppliers are now reluctant to do their business because of tiredness.
He said that the fasting has made some of them weak, and cannot combine the fast with travelling long distances to bring live stock down to the south.
On his part, Sunday Elekwachi explained that the reduction in the supply of stock has caused the price of livestock to increase in the market.
He said that the range of goats that used to sell for between N13,000 and N15,000 now goes for between N20,000 and N24,000 and that it cuts across other categories of stock.
According to him, the most worrisome aspect of it is that only fewer customers now patronize the livestock market because of the increase in the cost, coupled with the problem of limited cash flow in the system.
Collins Barasimeye
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