By Milcah Tanimu
Poultry farmers are contemplating a price increase for a crate of eggs due to economic factors. Currently, Nigerians pay N6,000 for a crate. Farmers have expressed the need for government intervention to avoid further price hikes.
The Poultry Association of Nigeria (PAN) has warned that the price may soon reach N10,000. The average price has surged from under N3,000 per crate just 12-15 months ago.
Musa Hakeem, Secretary of PAN in the Federal Capital Territory (FCT), highlighted the need for urgent government action. He noted that without swift intervention, the price hike is inevitable. This could worsen the already declining protein consumption among Nigerians.
Hakeem attributed rising costs to increased transportation expenses after the removal of fuel subsidies. He also mentioned that feed prices have skyrocketed due to feed millers’ pricing. He stated, “Production costs are rising sharply, and we may need to raise prices to N10,000. However, we have kept it at N5,500 for now to consider consumers.”
He expressed disappointment over the lack of government support. The last grain assistance for poultry farmers was three years ago. Hakeem urged the government to collaborate more with farmers. The association has detailed data on poultry farmers that could help in targeted interventions.
Recent data from the AFEX Commodity website shows that a metric ton of maize costs N710,000, up from N480,000 in 2023. This marks a 48% increase in just one year.
In related news, some formerly affordable food items are now out of reach for many Nigerians. A recent market survey revealed that the prices of staple foods have doubled in recent months. This trend has reduced the purchasing power of many, making it hard to meet daily dietary needs.
