Herald: Meat prices shoot up as fish slides off the market

Meat prices shoot up as fish slides off the market

13 Jun 2019 06:02am IST

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Team Herald

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13 Jun 2019 06:02am IST

Report by
Team Herald

Scarcity of livestock in neighbouring States adds to hike in costs; Price could increase further in coming days

PANJIM: A 61-day ban on fishing, coupled with the scarcity of livestock in the neighbouring States is having a cascading effect on the prices of chicken, mutton and beef in the Goan markets.

Prices have gone up by almost 10-20 per cent pinching the pockets of the buyers, who fear that the prices would continue

 to spiral upwards in the days to come.

Hussain Khatib, one of the oldest meat traders in Panjim market, who runs his shop under the name ‘Bismillah’, claims that the scarcity of livestock from Bangalore and Kerala is the main reason for rise in beef prices. He said that prices will not stabilise as long as the scarcity continues.

A kilo of chicken that was priced at around Rs 140 has increased to Rs 160, but there is no slump in its demand. In the absence of fresh fish in the market and the continuing fear of formalin, the demand for chicken has grown over last few months.

The current ban on fishing is adding to the demand, reflecting in the price structure. “The price of chicken may go up further. It is a game of demand and supply. When the demand is high and supply is short, the traders hike the prices,” said a meat seller.

The price of mutton has gone up from Rs 500 per kilogram to Rs 580 to Rs 650. Traders claim that there is increase in the cost of livestock. “If we fetch livestock at a higher price then naturally we will be selling the end product expensive. Our margin of profit remains the same,” said Usman Khan, who works on a shop in Panjim market.

Beef prices too have gone up from Rs 260 to Rs 280 per kilogram and several times, there is scarcity in the market.

Khatib said the rise in the price of beef has no relation to the fishing ban. “Those who eat fish are different from beef eaters. The rise in the price of beef is because of lack of supply from Bangalore and Kerala,” he said.

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