Amid Recession Poultry Farmers Say One Chicken May Go For 10000 Naira At Yuletide

Amid Recession Poultry Farmers Say One Chicken May Go For 10000 Naira At Yuletide



3 years ago

~1.6 mins read

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Livestock farmers under the auspices of the Poultry Association of Nigerian (PAN) have requested the Federal Government to save the Nigerian poultry industry from imminent collapse which the industry now faces as a result of an unabated rising in the prices of birds feeds and concentrates used to feed chickens.

The poultry farmers explained that the feed inputs such as soya beans are going out of reach of an average poultry farmer with the price of the commodity now increased from N115,000 that was sold per ton in August to N215,000 in November 2020, representing an increase of 86.95% within a four-month period.

Speaking through a Press Release signed and made available to some journalists in Abeokuta on Monday, Blessing Alawode, Chairperson of the Poultry Association of Nigeria (PAN), Ogun State Chapter, noted that with the unabated increase in feed prices especially, the prices of soya beans and soya bean meal, the prices of eggs and chickens might go out of reach of many Nigerians, selling between N5,000 and N10,000 during Christmas depending on the size.

Referring to the Press Release tagged, "Poultry Industry, A Trillion Naira Investment In Nigeria Faces Imminent Collapse As Prices of Maize, Soya Beans, Soya Bean Meal and Finished Feeds Rise Unabatedly."

Alawode appealed to Federal Government to come to their rescue and save the poultry industry from collapse since the business is no longer profitable due to the increased prices of feeds and concentrates, which in return, skyrocketed the prices of finished products such as chickens and eggs.

While demanding the quick intervention from the Federal Government and its agencies such as the Central Bank of Nigeria, the Nigeria Customs Service, among others, Alawode alleged that large scale corruption within the feed millers and merchants, who cause artificial scarcity by hoarding the produce and illegally exporting it to neighbouring countries, put unnecessary pressures on the industry.

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