HIGH PRICE OF ANIMAL CONCENTRATE FEEDS IN NIGERIAN MARKETS: IMPLICATION ON MEAT PRODUCTIVITY IN NIGERIA


In recent years, it has been observed that the prices of concentrate feeds has been on the increase. These type of feeds are those feeds that are used in feeding animals such as cattle, poultry, rabbits and so on. It is a type of feed used to balance the nutrients contents in the body of animal. Concentrate feeds are good sources of protein, minerals and energy to animals. As at the year 2018 and 2019, the prices of concentrate feeds in the market was N3,000 per 50kg bag, but within the year 2020 to present, a bag is now N6,000. Several factors have been identified to be the cause of this. Such factors includes: increase in price of fuel used by manufacturers for production of feed, incidence of covid 19, lack of raw materials, lack of government support to local manufacturers and so on. It has been observed that if these issues are not properly addressed by the Nigerian government, the case however would later affect the level of meat productivity and health status of most Nigerians. It is believed that if adequate preventive measures are taken earlier by the Nigerian government in alleviation of the above challenges, the situation may be redeemed. Keywords: High Price, Animal, Concentrate Feeds, Nigerian Market, Meat Productivity.


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