HIBAPRESS – Casablanca
Livestock markets in a number of regions have witnessed a noticeable decline in sheep prices in recent days, coinciding with heavy rainfall and floods that several provinces have experienced.
According to professionals, this price drop came as a result of an increase in supply against a decrease in demand, as markets were filled with a large number of livestock heads offered for sale in a short period of time.
The same sources stated that a significant number of farmers and livestock breeders resorted to selling their herds, especially sheep, to avoid potential losses that may result from floods or the difficulty of securing shelter and feeding conditions in light of the unstable weather conditions.
The continued high prices of feed and hay also contributed to pushing breeders to reduce the size of the herd or get rid of it partially, which was reflected in prices within the markets.
Professionals believe that this decline remains temporary and is linked to current climatic and economic factors, and it is likely that prices will return to stability with the improvement of weather conditions and a decrease in the rate of supply.
