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Poultry owners jack up prices of chickens, others, as Nigerians abandon imported frozen foods 

Poultry owners jack up prices of chickens, others, as Nigerians abandon imported frozen foods

Poultry owners are reportedly jacking up prices of chickens, turkeys and other farm produce, as Nigerians are abandoning imported frozen foods due to the continuous rise in their prices and scarcity. This was disclosed in the latest household survey carried out across major markets in Lagos State by Nairametrics Research.

Recall that in an earlier survey, frozen foods sellers disclosed to Nairametrics Research Team that the closure of Nigerian land borders by the Federal Government was biting hard on them, as a slate of full chicken which was sold for N9,200 is now sold for N13,000, while the same quantity of chicken lap is now sold for N12,500 compared to its initial price of N8,500.

Meanwhile, the latest visit to major markets shows that poultry owners are reportedly raising prices of locally-bred chickens, as demand surged across various farms. Also, the latest household survey showed that the price of foreign-made rice has risen significantly, as it now sells for an average of N27,750. This increase indicates a staggering 92.04% change within a space of two months.

The report includes items that increased in price over the past two weeks, as well as, special items and insights from the markets.

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[READ MORE: Household Survey: Nigerians dump imported rice, others, as prices jump high]

Items that witnessed an increase in prices

Major household items that have increased significantly in the past two weeks:

Items that maintained their initial prices

Special Items/market 

Market Insights

“Chickens are of different sizes and types: Layers are sold for N2,000, Breeders for N5,000, while Boilers sell for N4,000. The consumers pay N200 for the slaughtering and packaging of the items. Farm Poultry owners are increasing prices, making it difficult for us to make profit because it is not easy for us to increase the prices.”

She, however, called on the government to intervene in the increase of the price of poultry from the various farms, as it is eating deep into their profits.

She clamoured that the Government should help in regulating the price of rice and spaghetti and not leave it to the sellers to make life difficult for them.

[READ ALSO: Household Survey: Traders exploit border closure to raise food prices]

About Nairametrics Food Price Survey

The Nairametrics Food Price Watch is a bi-weekly household market survey that covers prices of major food items, with emphasis on four major markets in Lagos – Mushin Market, Daleko Market, Oyingbo Market and Mile 12.

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