The Ghana National Association of Poultry Farmers has announced that prices of eggs on the market will go up after Muslims finish marking the Ramadan month.
Eggs will see a 30 per cent increase for the small sizes and a 28 per cent increase for the unsorted, the Association said.
The leadership of the Association says the small sizes will go up from ¢23 to ¢30 per crate, while the unsorted will increase from ¢25 to ¢32 per crate.
This means that a single unit of an egg at retail that now sells at ¢1.50 could also see some upward adjustment.
National Chairman, Victor Oppong Adjei, says the farmers are compelled to adjust the prices because the high cost of feed severely impacts their operations.
“…new upward adjustment of egg prices effective immediately after the Ramadan, this has resulted from the high cost of feed that is now disturbing the operations of the poultry farmers.”
They observed in 2020, Maize prices have gone from 65 cedis for 50 kilos is now ¢180, Soya Bean, which was ¢150 per kilo, is now 305 cedis per kilo, and Wheat Brand, which was sold for ¢20, is now ¢53.
The development follows a JoyNews documentary titled, 'The Broken Chain', which exposed how the poultry industry and players in the Soya Value Chain are struggling due to continuous hikes in feed prices.
All these critical ingredients of the poultry industry's feed component have increased by more than 200 per cent over a short period.
They observe that most of their members are either selling the majority of their birds to be able to stay in business or are switching completely.
Mr Oppong Adjei says the move is necessitated to help sustain the dying poultry industry.
"Poultry industry is all about the feed – maize, soya and wheat brand – if any one of these is not available, there will be no feed, and there will be no poultry. So, therefore, we are pleading with the public to accept these new prices of eggs, " he told Prince Appiah in an interview.
Latest Stories
-
Government offers teacher unions about 70% increment in continuous professional development allowance
18 mins -
Everyone must show interest in depleting pension funds – Pensions Expert
28 mins -
African Business Heroes: African SMEs ready to compete for a share of $1.5m grant
44 mins -
My government will partner with faith-based groups in development – Bawumia
53 mins -
Joy Prime’s Prime Morning to host show at sea in May Day celebration with Ghana Navy
58 mins -
Why increase contribution rate when you can’t manage what is given you? – NAGRAT asks SSNIT
2 hours -
There are greener pastures in Ghana – Prof Owusu-Dabo
3 hours -
Myjoyonline Interview with Abubakar Tahiru: Guinness World Record Holder for ‘Most Trees Hugged In An Hour’
3 hours -
JoyNews’ Clinton Yeboah honoured at 2023 Int’l Sports Media Awards in Spain
4 hours -
14 PWDs selected for maiden Africa Health Collaborative Medicine Counter Assistant training
4 hours -
Manchester United open to offers for nearly all of squad
5 hours -
Price of LPG per kilogramme constitutes 22% of taxes – LPG Marketers Association
6 hours -
Nigeria appoint Finidi George as new Super Eagles boss
7 hours -
Elevating Ghana’s creative industry: A blueprint for competing with Nigeria and South Africa
8 hours -
Poor finishing a problem for Asante Kotoko throughout the season – Prosper Ogum
8 hours