Why egg prices remain elevated

Omeiza Bilal

The Poultry Association of Nigeria (PAN) has blamed the high cost of production for the current high price of egg in Nigeria.

Currently, a crate of egg sells above ₦7,000 in many parts of the country.

In a statement signed by Secretary, Poultry Association of Nigeria FCT chapter, Musa Hakeem, said that cost of essential production inputs remains significantly high.

Hakeem said, “Of particular concern is the sharp increase in the prices of day-old chicks and point-of-lay birds. 

“Additionally, feed costs, veterinary medications, transportation, energy, and other operational expenses continue to exert pressure on poultry farmers.

He further explained that demand and supply dynamics is also another factor.

He said that in response to escalating production costs, many poultry farmers have been compelled to scale down operations or temporarily exit production. 

“This has resulted in a reduction in egg supply within the market. With consumer demand remaining relatively stable, the imbalance between demand and supply has contributed to the persistence of higher prices.

“The industry remains hopeful that with improved economic conditions, input cost stabilisation, and supportive policies, production levels will recover, ultimately leading to price moderation.

“We appreciate the understanding and continued support of consumers and stakeholders,” Hakeem added.