The domestic goat market is falling downward trend due to the COVID – 19 crisis

Myanmar’s goat market is on falling trade trend as the neighbouring countries China and Thailand stopped purchasing the goat amid the COVID-19 crisis, said traders from Mahlaing. It was about two months that there is no demand by neighbouring countries, and the breeders are facing financial hardships. The trade suspension caused the price to plunge by K15,000 per head of a goat. Besides the live goat export, the meat market is not going well either. The prices of lamb and mutton are falling owing to the COVID-19 negative impacts, and the breeders are not financially doing well.
“Earlier, the lamb and mutton fetched a good price. During the COVID-19 outbreak, mutton is priced around K5,000-5,500 per viss (a viss equals to 1.6kg) while the prevailing price of lamb is about K4,000-4,500 per viss. The mutton price drastically plummeted from over K10,000 per viss,” said U Maung Sein, a breeder from Mandalay Region. Last year, a head of live goat was priced K60,000-120,000 depending on size. At present, the price is down by K15,000 per head compared to the previous year’s rate.—Aung Htay, Htet Myat (Translated by Ei Myat Mon)

(The Global New Light of Myanmar: https://www.gnlm.com.mm/domestic-goat-market-experiencing-downward-trend-due-to-covid-19-crisis/ )

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