Livestock prices fall sharply in Saudi Arabia ahead of Eid Al Adha

Dubai: With Eid Al Adha fast approaching, livestock markets across Saudi Arabia are witnessing a significant decline in prices, following a government decision to exempt imported sacrificial animals from customs duties, a move that traders and consumers alike say has brought much-needed relief during the busy holiday season.

Announced last month by the Council of Ministers, the customs exemption applies to imported livestock arriving before the Hajj season, and was aimed at boosting supply, stabilizing prices, and easing the financial burden on citizens preparing for the Eid sacrifice.

The result was immediate and visible. Livestock markets, particularly in the northern regions of the Kingdom, are reporting high activity levels and a wide variety of available animals, both local and imported.

Prices for Naemi sheep, a popular choice for sacrifice, now range between 750 and 2,100 riyals, with traders noting improved market balance compared to last year’s surge in costs.

Fawaz Al Ruba’a, a sheep trader in Rafha, said the government’s move had a direct impact on making sacrificial animals more accessible. “The customs exemption helped everyone, consumers, traders, and breeders,” he said in an interview with MBC’s Fi Osboua (In the Week) program. “Prices are now reasonable, and every person can afford to offer a sacrifice.”

Abu Milad Al Shalaqi, another livestock merchant, said this year’s prices start at around 1,300 riyals, significantly lower than last year. “Customers are more selective now, looking closely at the health and condition of the animals,” he said. “The prices are down, the past season was good, and the livestock are plentiful.”

Local authorities and livestock market organizers are coordinating with veterinary and municipal services to ensure the smooth flow of trade and the health of animals as the demand rises. Observers expect prices to remain stable throughout the Eid season, citing a substantial supply that appears to meet consumer demand in most areas.

- Huda Ata is an independent writer based in the UAE.