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As Eid-ul-Azha approaches, the familiar sight of bustling cattle markets is somewhat muted this year, with traders expressing caution and farmers grappling with escalating costs. The Daily Star's reporting reflects a complex market dynamic where, despite official assurances of ample supply—a surplus of over 22 lakh animals according to the Department of Livestock Services—consumers are likely to face high prices, particularly for bulls.

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Traders are also reluctant to bring large animals to markets after suffering losses last year.

This situation is largely attributed to the rising costs of production. Farmers are bearing the brunt of increased expenses for feed, transportation, and labor. This squeeze on profits is forcing many, like trader Mohammad Atiar, to reconsider their strategies. Having incurred significant losses last year on large bulls, Atiar plans to focus on smaller animals priced between Tk 1.50 lakh and Tk 2.50 lakh, avoiding the riskier, high-value market.

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The country has an estimated demand of 1,01,06,334 sacrificial animals against an available supply of 1,23,33,840, leaving a surplus of around 22 lakh animals.

Traders are also reluctant to flood the market early, fearing losses due to low customer turnout and the associated costs of maintaining the animals. Many buyers are opting for direct purchases from farms or smaller local markets, further impacting the flow to major hubs like Gabtoli. The government's decision to disallow markets in border areas aims to protect local farmers from foreign animal imports, but the core issue of production costs remains a significant challenge for both farmers and consumers as the nation prepares for Eid.

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I incurred losses of around Tk 5 lakh last year due to poor demand for large-sized bulls. This year I will focus on cattle priced between Tk 1.50 lakh and Tk 2.50 lakh.