Catfish Scarcity Looms In Nigeria As Farmers Quit Business Over Increased Price Of Feed

catfish scarcity nigeria

June 8, 2016 – Catfish Farmers Abandoned Business Over Increased Price Of Feed, Pepper Soup Lovers In Trouble

Catfish Scarcity Looms In Nigeria As Farmers Quit Business Over Increased Price Of Feed

Catfish scarcity is looming in Nigeria as the hike in prices of feeds has forced some fish farmers out of business.

Some farmers who spoke on the issue on Wednesday in Lagos described the development as worrisome, calling on government to ensure price stability in the industry.

Skyretting Feeds had in the first week of June increased the price of a bag of its 2mm feed from about N5, 000 to N8, 000.

A farmer, Mr Emmanuel Ogharegbe, said that many of his colleagues had since abandoned the business, due to arbitrary hike in the prices of feeds.

Ogharegbe said the price hike did not translate to an increase in the price of fish as fish traders operated a cartel that could frustrate any increase in per kilo price of fish.

Another farmer, Mrs Josephine Obi, wondered how she would survive if the price of feed continued to increase.

“On June 1, I received a text message from a woman who was selling feeds to me announcing an increase in the prices of feeds.
“Early this year, a Coppens Feeds increased its price and we shifted allegiance to Skretting Feeds. Now, the price of our new brand has increased by more than 50 per cent.

Her colleague, Mr Olushola Ogundele, who decried the hike in feed price, appealed to the Federal Government to come up with a policy that would ensure price stability in the agricultural sector.

[NAN]

7 thoughts on “Catfish Scarcity Looms In Nigeria As Farmers Quit Business Over Increased Price Of Feed

  1. @ Betty you are absolutely right and that will be disaster for us in Nigeria. One thing about the looters is they are very myopic. If we cannot invest in common Agriculture in this Country what else can we invest in? We have been used to consuming foreign foods as a Nation and that is why our life expectancy is one the lowest in the world. If some of these small scale farmers are quitting our traditional investment which is farming, how can we sustain as a Nation. We always think money is everything. In due course we will start depending on foreign foods where foreign investors will be making money out of us by selling us all those carcinogenic foods and we will be so glad that we are enjoying oyinbo foods and shortening our life span. Let’s us at least explore more on our traditional products and see if that will shrink inflation a little bit in this Country. We should be able to feed ourselves as a nation without stress but we always fail to do this. I was really amazed when I discovered that our palm oil product which we never appreciate is the same palm oil that you have in your indomie food imported from Indonesia,Southeast Asia. It is really absurd.

  2. What are they feeding fish for human consumption? Isn’t fish supposed to be in the river or ocean eating what God has provided naturally? Nothing is natural anymore. We eat fish that is fed with chemicals, and wonder why we are suffering from all kinds of diseases? May God help us o.

Leave a comment

Your email address will not be published. Required fields are marked *