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Economic Hardship: See New Price Of A Crate Of Egg In Nigeria

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The price of eggs, a staple protein source for many, in the Nigerian market, has seen variations influenced by a myriad of factors.

The Nigerian government has also implemented policies and initiatives to support the growth of the poultry industry, including providing access to finance, training, and improved infrastructure.

 

As a result, Nigeria has become one of the leading egg producers in Africa, with a diverse range of poultry farms across the country.

Currently, the cost of a crate containing 30 chicken eggs ranges between 3,500 to 3,700 Nigerian Naira (NGN), while quail eggs, considered a premium variety, are priced from 2,500 to 3,000 NGN per crate.

Key Factors Influencing Egg Prices In Nigeria
Geographic Location
Prices of eggs can vary slightly depending on the location within Nigeria. For instance, the cost in Abuja may differ from that in Lagos, albeit marginally.

This variation is often due to the logistics involved in transporting the eggs from farms to different markets across the country.

Market Demand And Supply
The classic economic principle of demand and supply plays a crucial role in determining egg prices. During periods of high demand, prices tend to rise, while an increase in supply, often seen during peak laying seasons, can lead to price drops.

Seasonal Production
The production of quail eggs, known for their higher market value compared to chicken eggs, is significantly influenced by seasonal changes.

The dry season usually sees a surge in quail egg production, leading to lower prices due to the abundance of supply. Conversely, the rainy season often results in a dip in production levels, causing prices to increase due to the scarcity.

Wholesale Vs Retail Pricing

Wholesale purchases generally offer lower prices compared to retail buying. Individuals or businesses buying in bulk directly from farms or wholesalers can access cheaper rates, reflecting the economies of scale.
External Market Conditions


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