Soybean scarcity hits Nigeria poultry industry, forces prices up
Click here to read full article from source
Nigeria, Feb. 6 -- The price of soybeans, a major ingredient used for poultry feeds, has almost doubled in the last year, according to a market survey by PREMIUM TIMES.
The survey shows that a 100 kilogramme bag of soybeans which used to sell for N12, 000 or N13, 000 last year, has risen to N24,000 this year. Worse, this major source of protein for humans and livestock is not readily available on demand.
Folake Aina, the managing director of VD&S farms, which also deals with poultry products, explained the severity of the problem in that sector of the business in an interview with PREMIUM TIMES.
She said: "Getting Soybeans has not been easy. Every single time we go to buy, the price increases, and the issue is that soybeans and maize c...
To read the full article or to get the complete feed from this publication, please Contact Us