The sellers attribute the increase to an increase in transportation cost.
Prices of rams have risen in Ile-Ife and Modakeke in Ife, Osun State, few days to the Eid-el-Kabir celebration, the News Agency of Nigeria (NAN) reports.
A survey conducted at the ram markets in Ile-Ife and Modakeke on Saturday, indicated an increase of about 15 per cent to 20 per cent. The Chairman of the Goat and Cow Sellers Association at Sabo market, Ile-Ife, Francis Oladosu, said a big ram, which cost about N80, 000 few weeks ago, now attracts between N90, 000 and N95, 000.
Mr. Oladosu said the price of medium size ram rose from about N50, 000, to N60, 000, while small rams that sold for N18, 000 each, now cost N20, 000.He blamed the hike on the prevailing security challenges in some parts of the Northern states and the increase in the cost of transportation.
He said that the charges for transporting the animals from Kano to Osogbo in a trailer had increased from N500, 000 to N600, 000.
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