Ahead of Eid ul Adha — popularly known as Bakrid, the festival of sacrifice — sheep prices in Hyderabad have risen by 20-25 percent compared to last year due to a supply shortage amid rains in the state.
Moreover, demand is also under pressure due to the rise in prices and the increasing trend of participation in bull sacrifice due to convenience.
A sheep trader, mentioned that sheep usually fall sick during the rainy season, contributing to a decline in supply.
Giving details of sheep prices in Hyderabad that spiked due to rains, he stated that 10-12 kg meat sheep is currently being sold at Rs 25,000 per pair, whereas 15-20 kg meat sheep pairs are priced at Rs 28,000.
Meanwhile, there is also a demand of Qurbani services in Hyderabad. Though demand declined compared to the COVID year, it is slowly increasing year-on-year.