Local Authorities Crack Down on Speculators in Livestock Markets
In a decisive action reflecting recent governmental directives, local authorities in Fes have apprehended five intermediaries and speculators within the livestock market located in the Bensouda area. This operation was triggered by suspicions of their involvement in illicit speculation practices and attempts to manipulate the pricing of sacrificial animals, particularly ahead of the upcoming Eid al-Adha celebrations. Reports indicate that these individuals had been intercepting farmers and livestock breeders as they entered the market, coercing them into selling their sheep at significantly lower prices. The detained individuals then intended to resell these animals to consumers at inflated prices, which negatively impacts the purchasing power of local residents.
This crackdown is part of a broader initiative to enforce the recent measures announced by Prime Minister Aziz Akhannouch, aimed at banning unauthorized brokerage and intermediary activities in livestock markets across the country. The regulations also prohibit the resale of sacrificial animals within official market spaces, a move designed to stabilize prices and ensure fair trading practices.
Local committees in Fes, in collaboration with public security forces, have initiated patrol operations within the market to maintain order and oversee the flow of commercial transactions. The goal is to promote direct sales between breeders and consumers while ensuring transparency in financial dealings, especially with the Eid al-Adha holiday approaching.
As reported by nadorcity.com.
