Tuesday, 8 September 2015

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Pugu cattle market registers revenue increase


REVENUES generated at the Pugu cattle auction in August jumped to 9.85bn/- compared to 9.57bn/- posted in the preceding month. Statistics from the Ministry of Industry and Trade, the weekly average supply of cattle at the auction market declined to 16,740 compared to 19,290 of the preceding market, which is 13.2 per cent fall.
Similarly, revenues generated from the sale of goats and sheep declined to 648.78m /- compared 622.16m/-/- of the previous session while an increment was noticed on the supply of sheep that registered 620.94m/-, from 515.10m/- respectively.
Some of the regions which supplied cattle to Pugu market were Dodoma, Arusha, Mwanza, Shinyanga, Kagera, Singida, Mbeya, Musoma and Tabora. During the month under review, the average prices for mature cattle female grade two (G2) increased to 630,500 from 517,000/- of the previous market, which is 21.9 per cent increment.
Also, the prices for grade three (G3) female cattle recorded a 24.9 per cent increase to 443,000 from 354,000/- of the previous market. The prices for mature cattle male grade (G2) increased to 721,500/- from 600,000/- recorded in the previous period, representing a 20.2 per cent change. The prices of the male cattle grade (G3) increased to 560,500/- from 515,000/- of the other market, equal to 8.8 per cent change.
Similarly, the prices for mature female goat grade two (2) increased to 99,500/- compared to 97,000/- of the previous session, equivalent to 2.6 per cent change. The prices for female goats grade three (3) increased to 81,000/- from 70,000/- , which is 15.7 per cent rise.
Mature male goats grade two (2) increased by 7.9 per cent to 118,700 from 110,000/- of the previous session while goats grade three recorded price hike to 94,000/- from 76,000/- of the preceding marketing period, which is 23.6 per cent change.
The prices for mature female sheep grade (2) declined to 75,000/- from 78,000/- of the previous market which is 3.8 per cent change while female sheep grade (3) saw its prices slowing to 53,800/- from 60,000/-of the previous market, which is 10.3 per change.
The prices for mature male sheep grade (2) increased to 103,000/- from 100,500/- of the other market which is 2.4 per cent change, while the prices for male mature goat rose to 83,000/- from 78,500/- of the previous market which is 6.4 per cent change

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