Featured | Jan 05,2019
One of the many cattle dealers there was Bulcha Alemayehu, who has been in the business since 2014. There is an increase in prices compared to the New Year although it is not exaggerated, according to him.
He sells cattle - about 50 during the holiday - between a price range of 12,000 Br and 30,000 Br.
Shegole is one of the city’s four largest cattle markets. Found in the Gulele District, the market holds over 1,000 oxen brought over from various regions. The other cattle markets are in Qera, Asko and Aqaqi, with the last one occupying 20,000Sqm.
Ethiopia has one of the highest livestock populations in the world at about 54 million. This holiday will see more than 10,000 cattle and 20,000 goats and sheep sold in Addis Abeba, according to Solomon Bekele, marketing director of the Addis Abeba Trade Bureau.
“We have been trying to create a distribution line and market integration between regional suppliers and consumer protection shops,” he says. “We have made sure that prices won’t escalate, and we are supervising closely.”
For Atilaw Alemu (PhD), assistant professor of economics at Addis Ababa University, the price stability has to do with the general political situation of the country.
“With most factors remaining unchanged, there has not been anything big enough to spook buyers or sellers,” he said. “A slight increase in prices during holidays would have been acceptable, but the market during Christmas has been business as usual.”
PUBLISHED ON
Jan 06,2019 [ VOL
19 , NO
976]
