Srinagar, May 30: Economic downturn has hit the sale of sacrificial animals in Kashmir
As Eid-ul-Azha draws near, the sacrificial animal markets are witnessing far fewer customers compared to the same period last year.
Sellers, who had stocked sheep, goats, and cattle in anticipation of brisk business, now sit anxiously beside their animals, waiting for buyers who are either hesitant or absent. “Last year by this time, most of my goats were already booked. This year, I haven’t even sold half,” said Imtiyaz Ahmad, a livestock trader from Pulwama.
According to many traders, the market is showing clear signs of economic fatigue. “There is a definite slump. People are prioritising essentials and daily survival over big Eid purchases,” said Ghulam Nabi, a dealer at Eidgah Market, Srinagar. “We understand their plight. Inflation, joblessness, and rising prices have crippled spending power.”
Buyers also admitted that financial strain was affecting their ability to fulfil the religious obligation of sacrificing animals. “I have three children, and we are barely managing daily expenses. How can I think of buying an animal worth Rs 25,000 or more?” asked Bashir Ahmad, a resident of Baramulla.
Despite the gloom, some sellers still harbour hope that the situation might improve in the days leading up to Eid. “People often buy in the last few days. We are hoping for a turnaround,” said Mushtaq Lone, who has been selling animals for over a decade.
However, even these hopes are cautious. “The footfall is low, and the prices are beyond what many families can afford. We may have to lower prices or bear losses,” another seller from Budgam admitted.
The ongoing economic distress in the Valley, marked by a slowdown in tourism, fewer job opportunities, and inflation, is visibly translating into less spending during what is traditionally a time of high market activity. (With CNS inputs)