Eid drives livestock prices sky-high
17/12/2007
With the Muslim world preparing for the feast of Eid Al Adha on December 21, the price of livestock in many Middle Eastern countries has risen sharply.
It's traditional for families to buy an animal to sacrifice for the feast and there are reports of sheep-prices rising by between 15% and 25% in Abu Dhabi, Sharjah and Ajman in the United Arab Emirates.
Prices have ranged from $80 for a Somali sheep to $380 for a large sheep from Syria. There are also sheep from Australia and Iran on the market.
The rise in prices for goats has been even steeper, with local animals fetching more than $400. This represents a doubling of prices compared to last year.
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