The Chairman Cattle Breeders’ Association in Plateau state, Alhaji Bala Mohammed, said that the sale of cattle, this yuletide season, will record low turnout as the price of an average cow is already going for N300, 000.
Mohammed said that the reason for the hike in price is as a result of the current economic recession as well as the Boko Haram insurgency in the Northeast.
While interacting with our correspondent in Jos at the weekend, he also fingered the crisis between farmers and herdsmen as one of the reasons for shortage in supply of cattle in the markets.
He said that in the previous years, cows are sold between N80,000 to N150,00, but such price is not obtainable anywhere in the market today.
“I have never seen where cow is sold for N300,000 since I joined this business; the highest we have sold for the fattest cow is N180,000, but today the story is different”, Mohammed said.
He called on government to take urgent steps in addressing issues surrounding the shortage in supply of cattle, adding that if something is not done between now and Christmas, the price is likely to go beyond N300, 000.
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