Beef prices drop slightly as animal supply improves

Market news

Beef prices drop slightly as animal supply improves


KMC exports approximately 3,000 metric tonnes of beef to the Middle Eastern countries of Qatar and the United Arab Emirates per month. Photo / File

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Summary

  • Beef prices have started to fall as the supply of animals to slaughterhouses increases following the onset of a drought that has forced pastoralists to release their stocks to the market.
  • Butchers in Burma, Nairobi’s largest meat market, now sell a kilogram at Sh400 compared to Sh420 in July.
  • The price had skyrocketed from March as breeders were reluctant to sell their animals due to the good weather, which kept their stocks in good condition and the market in short supply.

Beef prices have started to fall as the supply of animals to slaughterhouses increases following the onset of a drought that has forced pastoralists to release their stocks to the market.

Butchers in Burma, Nairobi’s largest meat market, now sell a kilogram at Sh400 compared to Sh420 in July.

The price had skyrocketed from March as breeders were reluctant to sell their animals due to the good weather, which kept their stocks in good condition and the market in short supply.

The agriculture ministry said the price of goat meat is expected to drop due to the drought affecting most arid and semi-arid regions.

“The price of the goat is expected to decline gradually over the next three months as the forage shortage worsens and the distance to water points increases,” the ministry said in the released food monitoring report. in August.

Most of the butchers in Nairobi buy their meat from the Burmese market for retail sale in the fields and in town.

However, the price of meat in real estate butchers has yet to come down, with most outlets selling a kilogram at 450 shillings on average.

According to the National Drought Management Agency (NDMA), the price of a three-year-old bull in Kajiado County registered a 2% price reduction to sell it at Sh 37,600. In February, NDMA reported that a supply shortage caused the price of a cow in Kajiado to skyrocket by 53%.

These beef production areas normally sell cows in abundance between November and February due to the poor rains which result in the death of the cattle.

However, the country experienced good rains during the period, increasing the availability of fodder in the fields, thus creating a shortage of supply in the market.


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