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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.

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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