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Source:
الوطن
Livestock Market Evolution Over 168 Years
The history of the livestock market in the Kingdom shows significant change over 168 years. Back then, prices for sheep and goats ranged between one and two riyals per head, while camels were valued between 9 and 22 riyals. Livestock trading was based on regional markets dealing with multiple currencies, using silver and foreign currencies from Britain, France, and the Ottoman Empire. Today, the livestock industry in Saudi Arabia has grown exponentially, with the number of heads exceeding 31.6 million, and a diversity of breeds and prices that reach approximately 1,900 riyals per head. Additionally, over 10 million animals are imported annually to meet domestic demand, supported by an integrated economic system encompassing production, financing, and transportation.
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