AFAN: Poultry Business at Lowest Ebb, Over 60% Poultry Farms Out of Business – THISDAYLIVE

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AFAN: Poultry Business at Lowest Ebb, Over 60% Poultry Farms Out of Business Gilbert Ekugbe The All Farmers Association of Nigeria (AFAN) has lamented that poultry business is currently at its lowest ebb with the closure of ov

The All Farmers Association of Nigeria has lamented that poultry business is currently at its lowest ebb with the closure of over 60 per cent of poultry farms in the country due the rising cost of poultry feed.

THISDAY had reported that poultry feed had risen by at least 168 per cent in the last three years in the midst of persistent rise in the prices of feed ingredients such as maize and soya. According to him, the current skyrocketing price of feed is making poultry a very difficult business proposition even though it is supposed to have the fastest asset conversion rate.

“We should make a special arrangement for feed grade energy and protein components of poultry feed instead of the competition now going on between large and small ruminants as well as direct human consumption.”

 

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