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Gaza/Baghdad — The Eid al-Adha festival should be the busiest time of the year for Mahmoud Abu Holy, a livestock merchant in the Gaza Strip. But soaring prices have driven away many of the people who would usually buy a sheep or goat to sacrifice on the Muslim holiday.
Just a few days before Eid al-Adha begins on Saturday, Abu Holy says he cannot afford to cut prices because of the skyrocketing cost of animal feed — a side effect of the Ukraine war which has jolted global agricultural markets.
“We stand here the whole day without selling any of our animals,” said Abu Holy, struggling to find buyers at Khan Younis market in southern Gaza.
Mohammad Issa, 24, decided against buying once he discovered how much a sheep would cost. “Last year I bought a sacrifice for $300, today I found out it would cost $500 or $600 so I decided I wouldn’t do it,” he said.
Eid al-Adha, one of Islam’s two main festivals, marks the climax of the annual haj pilgrimage, when Muslims slaughter animals to commemorate the willingness of Ibrahim, or Abraham, to sacrifice his son on God’s command, often distributing meat to the poor.
But this year people in many Arab countries say higher prices mean they cannot afford the important tradition, reflecting the impact of the Ukraine war which has piled more pressure on already high global food prices.
“I came to check the prices and whether we will be able to buy or not. But the prices are unbelievably very high compared to last year,” said Hamoud al-Asri at a market in Sanaa, Yemen, where a ceasefire earlier this year has brought respite from seven years of war but millions still face hunger.
“I am leaving, I can’t afford it.”
At a market in Egypt, the Arab world’s most populous country, one merchant said sheep prices had gone up by 50% to 90 Egyptian pounds ($4.77) per kilo. “We are not able to find buyers. I can sell the kilogram for 70 pounds but I need to find someone to buy from me, what else shall I do?” he said.
Sheep or washing machine?
Russia invaded Ukraine in February in what it calls a “special operation”. With the two countries accounting for one-third of global cereal exports, the war has fuelled surging prices for grains, fuel and fertiliser, of which Russia is a major exporter.
UN Secretary-General Antonio Guterres warned last month the world faced an “unprecedented hunger crisis”, saying the war had compounded long-brewing problems, including climate disruption and the Covid-19 pandemic.
Mahami Chikh, who sells livestock in Algeria, said costs had driven up prices: “It’s barley, it’s food, it’s maintenance.”
In Lebanon, where a three-year-long economic crisis has caused soaring poverty, butcher Makhaber Hassan said sheep prices were rising by the day, now standing at $250 — roughly 7.5-million Lebanese pounds.
“It’s a very big number for an employee getting paid 1.5-million or 2-million (a month),” he said.
In Baghdad, a customer who gave his name as Hussein said he couldn’t pay the 500,000 dinars — roughly $350 — that one trader was asking for a sheep. “I asked him 'Why 500?'. He responded that the feed is expensive,” he said.
Ali Farhan, 23, said he had postponed buying a washing machine to get a sheep instead.
“I spent all morning searching for an affordable price to buy a sheep to sacrifice for my dead mother, and eventually found a small, skinny one that cost me 350,000 Iraqi dinars, which used to cost around 200,000 dinars.”
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.