Prices of sacrificial cattle at Dhaka's makeshift markets have plummeted by more than 50 percent in the final hours before Eid-ul-Azha, with traders reporting heavy losses while buyers welcomed the sharp decline, though poor weather and soaring transport costs are dampening the overall festive mood.
Visits to several cattle markets across the capital on Wednesday revealed a dramatic single-day price drop for medium and large cattle, while smaller animals remained largely steady in price.
At the Natunbazar 100-Feet cattle market, trader Aynal, who brought 19 cattle from Chuadanga, said buyers are now offering Tk 1.20 lakh to Tk 1.50 lakh for animals he had priced at Tk 2.50 lakh.
"If I sell at these prices, I will face massive losses," he said, adding that he managed to sell only seven animals.
Another trader, Shahin, who travelled from Jamalpur with seven cattle, sold only three. He said a cow he had refused to part with at Tk 1.80 lakh is now being offered Tk 1.20 lakh, while another priced at Tk 3 lakh is drawing bids of just Tk 1.50 lakh.
At the Aftabnagar market, buyer Raisu noted that demand for premium cattle has virtually collapsed. “No one is willing to go beyond Tk 5 lakh. Sellers asking Tk 8 to Tk 10 lakh are hearing counter-offers of Tk 3 to Tk 3.50 lakh. Those who brought high-value animals will likely return home without selling.”
At Meradiya market, Monsur, who oversees the haseel (transaction tax) booth, confirmed the price slide. "Animals that were selling for Tk 1.50 lakh are now going for Tk 70,000 to Tk 80,000," he said, noting that transaction volumes have fallen sharply compared to last Eid.
Weather and Logistics Add to Woes
Traders and buyers alike pointed to several days of continuous rainfall as the primary driver of the market downturn, creating waterlogging at multiple venues with no drainage arrangements in sight.
Buyer Sakibul Alam at the Tejgaon cattle market said adverse weather forced him to hire a pickup truck — at twice the usual rate. “The cattle price has come down, but extra costs are being added from every direction.”
Trader Suleman from Jamalpur, selling at Aftabnagar, said rising fodder prices and higher transport costs had already squeezed his margins before reaching Dhaka. “We raise cattle for Eid expecting extra profit. But at the prices buyers are offering, selling to a butcher by the kilogram would fetch more.”
Buyer Saidul Islam at Meradiya noted that a five percent haseel charge, roughly Tk 10,000 on a Tk 2 lakh purchase, is also factored into buyers' calculations, adding further pressure on transaction prices.
Sellers are urging hat authorities to ensure proper drainage infrastructure at cattle markets in future years, warning that the combination of poor facilities and unpredictable weather is making the annual trade increasingly unviable for farmers.
END/UNB/ASA
