In a recent development, the livestock market in Lahore’s NFC area has witnessed a resurgence, attracting attention due to the skyrocketing prices of local goats. The market, known locally as Maveshi Mandi, has seen a notable increase in activity despite challenges posed by the summer season and rising inflation.
Traders in the NFC area report that the market has regained its momentum, albeit with a reduced number of buyers compared to previous years. The primary factor influencing this trend appears to be the sharp increase in prices, especially for local goats.
According to market sources, the prices of local goats have doubled compared to the previous year. Customers, accustomed to last year’s rates, are now confronted with prices that have surged beyond their expectations. Normal local goats are currently priced around 50,000 rupees, while larger goats command prices exceeding one lakh rupees.
This price surge has led to a noticeable shift in buyer behavior, with some potential customers expressing reluctance due to the steep costs. However, despite these challenges, the market continues to operate, buoyed by the demand for livestock and agricultural products in the region.
Local traders remain optimistic about the market’s prospects, attributing the increased prices to various economic factors and seasonal fluctuations. They anticipate that as market conditions stabilize and consumer confidence improves, the livestock market in Lahore’s NFC area will continue to thrive, offering a wide range of quality livestock to meet the needs of buyers.
