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Eggs Hit N6,000 Per Crate

LEADERSHIP News by LEADERSHIP News
2 years ago
in Business
Hen, Chicken eggs and chickens eating food in farm

Hen, Chicken eggs and chickens eating food in farm

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Eggs have become inaccessible for several Nigerian homes who cannot afford to pay N6000 to purchase a crate of the poultry products.

The average price of a crate of eggs has hit N6, 000 in various parts of Nigeria, from less than N3000 per crate 12-15 months ago.

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The major driver of the rising price is the skyrocketing cost of inputs, particularly feed, maize and soybeans. High petrol prices have also been blamed for the price jump.

A metric ton of maize currently goes for N710,000 as against N480,000 per metric ton in 2023, indicating a 48 percent price rise in one year, according to prices on AFEX Commodity website.

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