Skip to content Skip to Search
Skip navigation

Drought pushes up sheep price for Eid in Morocco

Arid conditions brought about by the drought in Morocco are affecting the cost of sheep Karolina Webb/Alamy via Reuters
Arid conditions brought about by the drought in Morocco are affecting the cost of sheep
  • Sheep price 10 times inflation
  • Cost of grain has risen sharply

The price for a sheep in Morocco for the annual sacrifice at Eid al-Adha has increased on average at 10 times the 2.2 percent rate of inflation.

A medium-sized female sheep costs MAD4000 ($400) as opposed to MAD3000 last year. This puts it out of range for many families in the country where a high school teacher earns an average of MAD5000 per month.

Farmers have blamed the devastating drought that has afflicted the country for the past six years, the high price of imported fertiliser for home-grown grain and the price rise in imported grain following the Ukraine war

There has also been a decrease in herd sizes due to the drought, according to Mohamed Sadiki, the minister of agriculture. 

Sheep numbers have reduced by 2 percent, amounting to around 20 million, while goat numbers have gone down by 4 percent, totalling just over five million.

“During Eid, the livestock market can become unpredictable due to the presence of mediators who buy from farmers at lower prices and sell at higher rates,” Adnane Bennis, managing editor of Morocco World News, told AGBI. “This practice exacerbates the price inflation,” he said.

Southern Spain is a case in point and is exporting sheep through Tangier. Typically, they are retailing at between MAD1800 and MAD3000, making them significantly cheaper. 

The Spanish have been taking advantage of a MAD500 per head subsidy for the import of Eid sheep, in place until June 15, plus the exemption of import duties and value added tax.

Moroccans have been quick to express their dismay at the rise in prices. They say they will not buy the animals at their current prices in a sign of solidarity with the needy. 

“The sellers are greedy,” said Ikram, a teacher. “They are exploiting the poor people. But you can’t put a price on God’s will.”

Latest articles

Saudi inflation June 2024. Clothing and footwear prices in Saudi Arabia were down 3.2 percent year on year in June, and 0.2 percent month on month

Non-oil discounting brings Saudi inflation down

Saudi Arabia’s year-on-year consumer inflation rate fell to a low of 1.5 percent as non-oil businesses competed over prices but the wholesale price index remained at a high of 3.2 percent, reflecting high prices globally.  The consumer price index was down from 2.7 percent in June 2023. The CPI was also down from the 1.6 […]

hasan al fardan

Fintechs having ‘no impact’, says remittances CEO

Fintechs are no threat to the UAE-based remittances company Al Fardan Exchange, its CEO Hasan Al Fardan has declared. Al Fardan said there was no intention to drop fees to compete with finance technology startups. To date, he said, fintechs have had “no material impact on our business or our operations. We are hitting record […]

Almost 300,000 European visitors contributed to Oman's hotel revenues growing by more than 10 percent

Oman hotel revenues increase more than 10%

Hotel revenues across Oman were up by more than 10 percent in the first five months of 2024, fuelled by an increasing number of Asian and European visitors to the sultanate. Three-to-five star hotels reported revenues of OR108 million ($281 million) at the end of May, the latest data from the National Centre for Statistics […]

Saudi fishing trawlers

Saudi fishing industry bolstered by support plan

Saudi Arabia’s fishing industry has landed a financial support programme from the government as part of plans to develop and safeguard the sector. Fish production in the kingdom increased 80 percent in 2023 year on year to 214,600 metric tonnes. The goal is to increase that by 7 percent to 230,000 tonnes this year. The […]