Goat meat price to remain stable during Dashain festival

Goat meat market demand in Nepal

Because of significant domestic production and supply, the price of goat meat is expected to remain stable over the upcoming Dashain festival.

Domestic production of live goats has climbed to 14 million per year, more than doubling in the last two decades, according to the Department of Livestock Services (DoLS). Around 3.5 million goats are traded commercially out of the total production, with the remainder consumed locally.

The price of goat meat will stay unchanged, according to Chandra Dhakal, a spokesperson for the DoLS, because current supply exceeds demand for the approaching festivals. Approximately one million live goats are slaughtered throughout the country during Dashain, according to him.

50,000 goats are consumed in the Kathmandu Valley alone during the festival, accounting for 10% of total demand. Pokhara has a demand of 12,000 goats, while Biratnagar has a requirement of 10,000.

Goat meat price in Nepal

According to the DoLS figures, Nepal consumes 379,000 tons of meat per year while producing 552,000 tons. On average, the Valley’s need for chicken is 300,000-350,000 kg per day. However, goat meat consumption spikes during Dashain.

Meanwhile, the Valley’s government-owned Food Management and Trading Company (FMTC) will begin selling Dashain-targeted goats from Friday. During the festival, the firm hopes to sell 2,000 goats.

According to FMTC, it will sell the farm product at a Rs 10 per kg discount from the current market price. The government enterprise has opted not to sell Himalayan goats this year, citing high prices as a result of a scarcity.

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