The effect of inflation on the purchase of Eid al-Adha sheep in Turkey

According to the report of the International Economic Group of Fars News Agency, quoted by Arab News, with the significant increase in inflation in Turkey, it seems that people’s access to sheep for Eid al-Adha is very limited. Since the beginning of the economic surgery of the president of this country, Recep Tayyip Erdogan, last year, the prices in Turkey have doubled and tripled, and the standard of living of the people has decreased.

A young mother who wants to buy a sheep for Eid al-Adha says: It is a sacred duty. Besides sheep, Turkish people buy and sacrifice goats and calves, and the meat is usually shared among the poor, friends and neighbors.

He said: The prices are very high this year.

The inflation rate in Turkey has officially reached 78.6%, although experts and many people in this country have doubts about this figure provided by the government.

Even if this statistic is true, the mentioned figure is much higher than the inflation in other emerging economies and about 10 times the inflation of the European Union.

According to an independent survey by ENAG Institute, the inflation rate in Turkey has reached 175%. In addition to the problems that this high amount of inflation can bring to Erdogan in next year’s elections, this event has also created problems for animal sellers in Istanbul’s livestock market.

Semsi Birgdar, secretary of the Union of Turkish Chambers of Agriculture, says: We expect to experience 25% less livestock sales this year for Eid al-Adha.

Galip Tuklu, a livestock farmer who came to Istanbul from the city of Samson on the Black Sea coast to sell animals, said: “Inflation has become an endless problem for people.

Tuklu says: the cost of providing livestock inputs has quadrupled and the price of transporting livestock to Istanbul has tripled compared to last year’s Eid al-Adha, and he has had to double the price of his livestock.

This Turkish rancher says: Last year, I used to sell a calf for 40 liras per kilo, but now I have increased the price to 90 liras. …

The number of Tuklu’s animal customers has decreased a lot compared to last year, and if he wants to lower the price, he will go bankrupt.

He says: People are upset.

Last year, 500 exhibitors participated in Istanbul Livestock Market, but this year their number has decreased to 160 exhibitors.

While Eid al-Adha has been announced in Turkey today, Sinas Ates, a farmer in the Istanbul market, says: He has not sold a single sheep in the past two days.

Based on what Erdoğan thinks, raising interest rates will increase prices and inflation, so Erdoğan is pressuring the central bank to lower interest rates, which of course contradicts accepted economic concepts.

Experts from the Capital Economics Institute in London say: the lira is in serious danger of falling.

Saleh Yeter, one of the buyers of the livestock market in Istanbul, had to spend money with 7 of his friends to buy livestock for Eid al-Adha.

He says: Ordinary people can no longer afford to buy meat.

According to this 57-year-old man; It is very important to donate meat to the poor in difficult circumstances.

During the last year, the price of food in Turkey has increased by 93% and the price of meat has increased even more.

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