Industry calls for yellow corn buffer stock to combat rising animal feed prices; poultry farmers expect chicken prices to increase
Ghana’s poultry farmers are calling for the government to provide a buffer stock of yellow corn in an attempt to help combat rising animal feed prices, according to the Ghana National Association of Poultry Farmers.
Right now, 125 kilograms of yellow corn is selling at GH¢100 (US$65.60); the same amount was selling at GH¢60.00 (US$39.36) in March. Although chicken prices have not yet started to rise in response, said Kwadwo Asante, chairman of the association, the industry expects them to if the current trend continues. A rise in Ghana’s chicken prices could make the industry less profitable, if consumers begin to focus on cheaper imports, said Asante.