Meat prices in Karachi have climbed by Rs100 to Rs300 per kg despite expectations that a reported export slowdown could ease rates. Traders cited higher fuel costs and livestock shortages, while farmers blamed the slaughter of calves and female animals.
KARACHI: Meat prices across the city have risen sharply despite expectations of a decline linked to a slowdown in exports during the Middle East conflict, with retailers increasing rates of both beef and mutton by Rs100 to Rs300 per kilogram.
In Karachi’s retail markets, mutton is now being sold for as high as Rs2,700 per kg, marking an increase of up to Rs300. Veal with bones is available between Rs1,400 and Rs1,500 per kg, up by around Rs100, while boneless veal has climbed to Rs1,800 per kg after a Rs200 increase. Beef from large cattle is being sold at Rs1,350 to Rs1,500 per kg, also reflecting a rise of about Rs200.
These prices significantly exceed the official rates notified by the commissioner in February, which had fixed mutton at Rs2,200 per kg, veal at Rs1,300 (with bones) and Rs1,600 (boneless), and beef at Rs1,000 (with bones) and Rs1,300 (boneless). However, enforcement appears weak, as meat is not being sold at government rates anywhere in the city, and many retailers are not displaying official price lists.
Traders attribute the price hike to rising input costs, particularly increases in diesel and liquefied petroleum gas prices, which have pushed up transportation and operational expenses. Some also claim that a shortage of livestock, especially goats, has contributed to the surge, despite reports of reduced exports.
Retailers had already raised prices ahead of Ramazan, followed by another increase just before Eidul Fitr. Demand has remained elevated with the onset of the wedding season, particularly for beef and boneless meat, further supporting higher prices.
Market dynamics remain uncertain as Eidul Azha approaches in late May. Traders suggest that if exports decline significantly due to geopolitical tensions, prices of sacrificial animals may ease. However, this will depend largely on consumer purchasing power, which has been strained by rising fuel costs and broader food inflation.
Data for the first eight months of the current fiscal year shows meat exports at 83,321 tonnes valued at $370 million, compared to 78,883 tonnes worth $338 million in the same period last year. Analysts say upcoming export data for March will provide a clearer picture of the impact of regional instability on trade.
Meanwhile, industry stakeholders warn of deeper structural issues. Representatives from the livestock sector argue that the continued slaughter of female animals and young calves is reducing long-term supply capacity, posing risks to both the dairy and meat industries if left unaddressed.
