Thu. Jul 25th, 2024

The few weeks before Eid al-Adha in Morocco turn into the season for cash flow from cities to the countryside to buy sacrificial animals, reviving trade in rural areas.

This season represents an opportunity for commercial and economic activity to flourish in the country, as the pace of parallel activities increases, reviving the business of livestock breeders and traders alike.

Moroccan families spent more than $1.8 billion on the occasion of Eid al-Adha during the year 2023, according to the Planning Commission, which contributed to moving the wheel of many sectors such as the livestock sector, transportation and trade.

Despite the economic challenges, livestock breeders are betting on the prosperity of their trade this season, especially with government efforts to provide sufficient supply at acceptable prices and monitor quality within the local market.

The agricultural sector was greatly affected this year due to limited rainfall and high prices of feed intended for raising livestock, which resulted in difficulties for breeders. However, estimates show that the supply of livestock during the sacrificial season this year will reach approximately 7.8 million heads, compared to 6 million requests.

The sacrificial season this year came with a cooling wave of inflation in the country, which reached 2.4 percent.

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