‘Our stock is being bought at very low prices’: Buyer’s market a loss for farmers

  • 📰 City_Press
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

With the demand for meat at an all-time low, small-scale producers know their livestock will not fetch much at auction.

The rhythmic auction chant echoed through the small arena-like stands under a corrugated-iron roof. It might have sounded like double Dutch to those not familiar with it, making sense only when the auctioneer announced the bidding prices.ometimes referred to – determines the business of the day. It could make sellers’ hearts palpitate – some even confessed to saying silent prayers for the bid to keep shooting up. For the buyers, though, no one wanted to be outbid on any stock.

He could have been any bystander. But that was until he raised his bright yellow bidder’s card. It was clear then that he was bidding to buy one of the biggest bulls at the auction. “Things have been really bad since the Covid-19 coronavirus lockdown was imposed … Our stock is being bought at very low prices and there is nothing we can do about it; we can’t return home with those cattle in trailers.

Another small-scale farmer and traditional leader, chief Sandylands Motseoakhumo, from Makgobistad village, agreed with Leepile. “I guess things will improve once this virus outbreak is contained and the market demand goes back to normal.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

❤❤❤❤❤❤❤❤❤❤

A very sad time for us farmers 😔

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market data — May 24 2020Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »

Asian stocks lose gains while Hong Kong shares extend lossesChina’s blue-chip CSI300 index down 0.2% as HSI index dives 1.4% on mounting fears about future stability in city
Source: BDliveSA - 🏆 12. / 63 Read more »

Tourism industry working around the clock to prevent loss of up to 600 000 jobsThe industry anticipated the loss of 500 000 to 600 000 jobs.
Source: TheCitizen_News - 🏆 6. / 75 Read more »