birds due to the high cost of poultry feeds.
The farmers said the glut during the lockdown adversely affected their finances and ability to sustain the business. “What I am trying to say is that at the end of the day, a smallholder is going to end every month at N300,000 loss going by feed at N4,500 and egg sold at N1000 per crate.” Alawode added that the price of the commodity had increased from N115,000 per tonne in August to N215,000 in November 2020, representing an increase of 86.95 per cent within a four-month period.
Alawode appealed to Federal Government to come to the rescue of farmers and save poultry industry from collapse since the business was no longer profitable due to the increased prices of feeds and concentrates, which in return, skyrocket the prices of finished products such as chickens and eggs.According to her, they cause artificial scarcity by hoarding the produce and illegally exporting it to neighbouring countries, putting unnecessary pressure on the industry.
“Intelligence gathering on issues around price increases in maize and soya reveal hoarding of the maize and soya by merchants, thereby causing artificial scarcity. Export of processed soya bean meal by some millers and poor harvest due to low-quality seeds caused by the climate change and insecurity in the grains producing zones, among other factors.
They said at a press conference in Lagos on Tuesday that the scarcity had led to the high cost of the grains. Isindiaso attributed the grain supply challenges to flooding in most key grain-producing belts of the country and insecurity arising from banditry and kidnapping of farmers. “The multiplier effect of these on our economy could be greater than the recession we are in now, as it will involve both food, life and finance.”
He called for immediate stoppage of exportation of soybean seed or meal and urged the government to subsidise the grains and store excess in grain reserve. He blamed the state government for not helping the farmers despite recognising agriculture as one of its cardinal policy trust.The Chief Executive Officer, De Agricare, manufacturer of poultry feeds, Collins Onagbake, attributed the price increase to inaccessible raw materials and unavailable funds.
The people we have in government any understanding of economic policy and the CBN Governor is not helping matters. A devalued naira is actually making people more poorer because we are not self sufficient in any way....
nameavfinish Goodluck Jonathan should leave office, Blah blah Blahh incompetency oshi ..... 😏
Ponmo don't eat feed
Bag of feed for layers that used to be sold for 3200 is now 4700 that is if you can get it.
It's going round gradually, we all go come out laslas.
I sold all my birds about 50 last week...because I can't continue buying feed at high price and less my birds less price wen it December...the feed we get around 3k it now 5,500
I tweeted d experience of someone close to me abt this issue yesterday.
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