Pakistan’s Eid livestock traders losing as war on Iran pushes up prices
Summary
Livestock traders in Pakistan are facing challenges ahead of the Eid al-Adha festival because the conflict involving Iran has caused fuel prices to rise. Higher fuel costs have increased transportation and animal feed expenses, which led to higher prices for animals and lower sales at a major cattle market in Islamabad.Key Facts
- The conflict involving Iran has led to increased fuel prices in Pakistan.
- Higher fuel prices have raised transportation costs for livestock traders.
- The cost of animal feed has also increased.
- These higher costs have caused animal prices to rise.
- As a result, sales at one of Islamabad’s largest cattle markets have dropped.
- Eid al-Adha is an important festival when many livestock are sold.
- Traders are struggling due to the combination of war-related factors and local market conditions.
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