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Business Insider Bangladesh

110,000 cattle heads sold in Ctg thru online market

BI Report || BusinessInsider

Published: 01:43, 19 July 2021  
110,000 cattle heads sold in Ctg thru online market

Photo: Representational

It was hard to believe that the online cattle head market in Chattogram could penetrate into the revenue of the physical animal markets.

Chattogram Dairy Farms Association in the port city claimed that they were able to sell nearly one lakh and 10 thousand of bulls on the digital bazaar, until Sunday.

Although devotees in Chattogram prefer physical markets over online ones, they keep peeking into the online platform to avoid physical contacts with other people due to the Covid-19 pandemic.

The General Secretary of Chattogram Dairy Farms Association, Naiem Uddin, said he was happy about online sales.

He said, “We were able to sell some one lakh and 10 thousand cattle so far through online bazaars and hope the number would keep rising until the Eid day.

total of 118 farms including some dairies are enlisted in the association and they made a generous amount of profit this year, he pointed out.

Farhat Uddin, the owner of Royal Ranch Cattle Farm, said, most of the buyers who struck a deal with him asked him to put their animals in his corral.

“Most of the customers will collect their cattle the day before the Eid-day,” he told Business Insider Bangladesh on Sunday.

Farhat said he had already sold 105 bulls out of his total 110.

According to the Department of Livestock Office in Chattogram District, the greater district has a total of 206 Cattle Market on the occasion of Eid-ul-Azha festival. The demand for animals in the whole district this year is 8.90 lakh against the local production of 7.57 lakh of bulls, goats and sheep (5, 10,040 cows, 63,136 buffalo, 1.83 lakh goats and 95 sheep respectively).

Meanwhile, since May this year, traders have also been importing sacrificial animals from Myanmar and the total number of imported cattle heads stood at 26,000. Though the department had assured local residents last year of having no shortage of animals, citizens found no cattle heads two days prior to the Eid.

The authority had estimated demand for sacrificial animals at 7.31 lakhs against the local production of 6.89 lakh in 2020. A part of the deficit was met by the imported cattle heads.

Nagad
Monetary Policy Stance
Budget 2020-21
Walton