We soon would increase the price of a crate of egg to 70 or 75 cedis – Farmers

Following the recent hike in food prices in Ghana amid the harsh economic challenges the country is facing, poultry farmers have warned Ghanaians about a significant increase in the price of a crate of egg.

Due to the current hike in food prices in Ghana because of the harsh economic challenges, farmers have warned that it would soon increase the price of a crate of egg to 75 cedis. Currently, a crate of egg sells between 55 to 65 cedis.

In an interview with JoyNews’ Host Elton on ‘The Pulse’ on June 5, 2024, Joseph Boakye Yiadom attributed the price increase to what he describes as an increase in production input.

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Joseph Boakye Yiadom made an elaboration of the increase in feed for poultry such as maize and soybeans, he said, “The Ghana poultry industry is in great distress at the moment. This increase is a result of our production input”.

“For an instance, maize started this year in January, selling at between 190 and 200 cedis per 50 kg, but as I speak with you, it is between of 260–270 cedis. Soy bean meal started the year around 410–420, and now its about 520–530,” he explained again.

In essence to break even, Ghanaians are expected to pay more to buy eggs for years in the coming months.

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“All the input for poultry has increased drastically and for the poultry farmer to break even, we have to sell eggs at the farm gate between 55 and 65 cedis, so in the coming months Ghana should be ready to buy from their retailers at a price between 70 and 75 cedis,” he noted.

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