2 hours ago
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Mojeed Iyiola, the chairman of the Poultry Association of Nigeria, PAN, Lagos, has explained why egg prices have surged to as much as N8,500 per crate as scarcity intensifies in parts of Nigeria.
Speaking with NAN in a recent interview, Iyiola attributed the price hike and scarcity to the lack of day-old chicks (DOCs), which he said is driving the nationwide egg shortage.
He noted that poultry farmers currently have no access to DOCs, adding that all hatcheries are fully booked.
“The major reason for the looming scarcity of eggs is that most old layers have been sold off, and poultry farmers currently have no access to DOCs.
“When farmers go to the hatcheries to book for DOCs, aside from unavailability, prices increase every week,” Iyiola said.
DAILY POST reports that before the scarcity, a crate of eggs sold for between N5,500 and N6,500, but prices have now skyrocketed to between N6,500 and N8,500 in most parts of the country.
With the new egg prices, a crate has become more expensive than a kilo of chicken or beef, which sell for around N6,000 to N7,000 in Abuja markets.
