Poultry farmers in Nigeria bemoan hardship amidst rising production cost

Published 2024년 7월 5일

Tridge summary

Nigerian poultry farmers are grappling with shutdowns due to high feed and production costs, threatened by a industry collapse. The surge in maize and soybean prices, insecurity, and inflation following subsidy removal and naira devaluation have led to a significant increase in the cost of poultry products, making them unaffordable for many. The situation, worsened by kidnappings and compromised feed quality, has resulted in reduced production and the potential for Nigeria to become a dumping ground for imported poultry. Proposed solutions include improving storage facilities, strengthening the naira, and implementing practical measures across states to address these challenges.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Nigerian poultry farmers have complained that several poultry farms are shutting down operations due to skyrocketing prices of poultry feed and unsustainable cost of production, among other challenges in the sector. The farmers, who spoke with PREMIUM TIMES within the week, said the worrying trend could lead to a total collapse of Nigeria’s poultry industry in no distant time if not addressed by those in authority. The skyrocketing prices of essential livestock feed ingredients such as maize and soybeans and the growing spate of insecurity across farming communities are negatively affecting poultry output. The farmers also lamented that general price levels have impacted the purchasing power of most Nigerians, with an attendant effect on the poor sale of poultry products such as eggs and broilers. In recent years, the prices of widely consumed staple food items have skyrocketed amid widespread insecurity and fluctuating weather patterns (climate change), among other concerns. ...

Source: Premiumtimesng