Nigerian poultry are increasingly opting to ditch commercial feed suppliers and switch to homemade blends, thereby cutting costs and boosting margins in a sector that has been battered by high input prices. Despite a 62.5 percent plunge in maize and soybean costs – key inputs in poultry feed formulations – millers slashed prices by only 10 percent. Feeds account for 70 percent of poultry farmers operating expenses, making it the largest single expense for most producers.
“We mill the feeds used on our poultry farm. It is more profitable for us than buying commercial feeds,” said Martha Adegoroye, a poultry farmer in Lambe, Akute, Ogun State. Read more using this link: https://businessday.ng/agriculture/article/nigerian-poultry-farmers-ditch-pricey-feeds-for-homemade-blends/
