Cost of Poultry Feed in Nigeria 2024
Do you wonder why the price of chicken is at an all-time high in Nigeria today? Or Why chicken is suddenly a luxury meal? Do you want to know the culprit? It is poultry feed! The prices of poultry have increased over the years thereby causing the prices of poultry products like eggs, and chicken to become expensive. While other factors affect the cost of chicken, the exorbitant cost of poultry feed stands out as the major cause.
This surge in feed prices isn’t just impacting the affordability of chicken at the market; it’s also creating a ripple effect throughout the entire poultry industry. Many smaller poultry farms, unable to bear the financial burden of increasingly expensive feed, have been forced to shut down their operations, leading to a potential shortage of domestic chicken supply.
Do you want to know the current prices of different poultry feed brands? Read this article for more information.
Cost of Poultry Feed in Nigeria 2024
Below is a detailed description of different poultry feed brands and their prices.
| Feed Type | Super Starter | Starter |
|---|---|---|
| Ultima feed | ₦8,100 | ₦9,050 |
| New Hope feed | ₦9,550 | ₦9,500 |
| Chikun feed | ₦8,500 | ₦8,300 |
| Top feed | ₦8,200 | ₦8,450 |
| Animal care feed | ₦8,500 | ₦8,000 |
| Livestock feed | ₦8,500 | ₦8,200 |
| Vital feed | ₦8,300 | ₦8,300 |
| Hybrid feed | ₦8,500 | ₦8,500 |
| Cornerstone feed | ₦8,500 | ₦8,300 |
| Breedwell feed | ₦9,500 | ₦9,500 |
| New Hope Professional feed | ₦9,600 | ₦9,600 |
| Feed Type | Grower | Finisher |
|---|---|---|
| Ultima feed | ₦7,050 | ₦8,800 |
| New Hope feed | ₦7,500 | ₦8,500 |
| Chikun feed | ₦7,000 | ₦8,600 |
| Top feed | ₦7,000 | ₦8,500 |
| Animal care feed | ₦7,800 | ₦8,000 |
| Livestock feed | ₦7,800 | ₦8,500 |
| Vital feed | ₦7,800 | ₦8,500 |
| Hybrid feed | ₦7,500 | ₦8,500 |
| Cornerstone feed | ₦7,800 | ₦8,500 |
| Breedwell feed | ₦9,500 | ₦9,500 |
| New Hope Professional feed | ₦8,950 | ₦9,950 |
| Feed Type | Layers mash |
|---|---|
| Ultima feed | ₦7,100 |
| New Hope feed | ₦7,100 |
| Chikun feed | ₦7,200 |
| Top feed | ₦7,900 – ₦8,500 |
| Animal care feed | ₦7,100 |
| Livestock feed | ₦7,000 |
| Vital feed | ₦7,000 |
| Hybrid feed | ₦7,100 |
| Cornerstone feed | ₦7,100 |
| Breedwell feed | ₦7,500 |
Factors That Contribute to the High Cost of Chicken Feed
The high cost of poultry feed is a complex issue with several contributing factors, including, some of these factors include:
- Rising costs of ingredients: The prices of grains like maize and soybeans, which are key components of poultry feed, have been increasing globally due to factors like supply chain disruptions and the war in Ukraine.
- Limited domestic production: Nigeria relies heavily on imported ingredients for feed production, making it vulnerable to fluctuations in global prices.
- High transportation costs: The cost of transporting feed ingredients and finished products can further add to the final price.
Conclusion
The consequences of these high feed prices are far-reaching. It not only affects the profitability of poultry farms but also makes chicken and other poultry products less affordable for consumers. This can hurt household food security and nutrition, especially for low-income families.
Finding solutions to address the rising cost of poultry feed is crucial for the sustainability of the poultry industry and the well-being of Nigerians. This might involve exploring alternative feed ingredients, increasing domestic production of key components, and improving the efficiency of the feed production and distribution chain.
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