- June 24, 2021
- Posted by: adminer
- Category: Agriculture
The Poultry Association of Nigeria (PAN), Lagos chapter, has expressed its readiness to seek the CBN’s intervention in procuring maize, so as to reduce the cost of poultry feed in the country.
PAN Chairman, Mr Godwin Egbebe, said in Lagos that the previous intervention of the apex bank in the procurement of maize helped in reducing the hike in the prices of poultry products while it lasted.
“The prices of poultry products have continued to soar like every other food item in the market.
“The major reason for the rise in the prices of poultry products is still because of the unavailability and high prices of corn and Soya.
“Even the cost of poultry feed keeps changing every day. It will take a while to get respite from this situation in the sector. What we plan to do, as an association, is to meet with the Central Bank Nigeria (CBN) next week, to interface our procurement of poultry feed,’’.
Egbegbe stated that a few months back the CBN helped in ameliorating the situation in the poultry sector by discounting the price of maize for poultry farmers.
“If not for the CBN intervention, the middlemen would have bought off the maize and we will be at their mercy in procuring the produce from them.
“Now, the maize from the apex bank’s intervention has finished and its price in the market has gone up again…..