The biting effects of drought have pushed up the total number of cattle marketed by 47,9% in the first three months of this year.
The Bank of Namibia Quarterly Bulletin, released in June, says the rise in marketing was chiefly reflected in the number of weaners exported live and cattle slaughtered for exports, which rose by 87,9% and 32,2% to 57 562 and 21 252 head of cattle, respectively.
On a quarterly basis, the number of cattle marketed increased by 43,5% from 60 436 head, reflected in the substantial number of live weaners exported and cattle slaughtered for export.The bulletin said because of increased supply of cattle amid the looming drought, producer prices had declined both yearly and quarterly by 3,8% and 4,4%, respectively, to N$57,62 per kilogramme during the quarter.
This was bolstered by increased small stock exported live, which rose by 27,8% to 176 985 heads during the quarter. Increased input costs compelled small-scale farmers to sell cows to large-scale farmers, which in turn increased milk production from intensive farmers using newly acquired cows, serving as a catalyst for the surge.
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