Nigeria SouthWest Poultry Farmers Face Uncertain Future As Raw Materials Prices Continue To Soar - LivestockTrend

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Wednesday, 23 October 2024

Nigeria SouthWest Poultry Farmers Face Uncertain Future As Raw Materials Prices Continue To Soar



Poultry farmers in Nigeria, particularly in the South-West region, are lamenting the continued increase in the prices of all raw materials used in egg production. The rise in prices has made it challenging for farmers to maintain their operations, leading to a decline in egg production and availability in the market.


According to a survey conducted by Nairametrics, the prices of raw materials such as maize, soybean, and fishmeal have increased by an average of 20% in the past six months. Maize, a key ingredient in poultry feed, has seen a significant increase in price, with a 30% rise in the past quarter alone. Soybean, another essential ingredient, has also seen a 25% increase in price.


The increase in prices is attributed to several factors, including the ongoing conflict in Ukraine, which has disrupted global supply chains, and the recent floods in Nigeria, which have affected agricultural production. Additionally, the devaluation of the naira against the US dollar has made it more expensive for farmers to import essential raw materials.


The impact of the price increase is being felt across the poultry industry, with many farmers struggling to break even. According to a farmer in Ogun State, "The cost of production has increased significantly, and we are finding it difficult to maintain our operations. We are forced to reduce our production levels, which is affecting the availability of eggs in the market."


The situation is not unique to Nigeria, as poultry farmers in other countries are also facing similar challenges. In the United States, for example, the price of soybean meal has increased by 40% in the past year, while in Brazil, the price of corn has risen by 30%.


To mitigate the impact of the price increase, poultry farmers are exploring alternative sources of raw materials and looking for ways to reduce their costs. Some farmers are also considering diversifying their operations to include other agricultural products, such as livestock or crops.


In conclusion, the continued increase in the prices of raw materials used in egg production is a major challenge facing poultry farmers in Nigeria. The situation is expected to continue in the short term, but farmers are exploring ways to adapt and maintain their operations.

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