With the cost of living in Nigeria and the high cost of feed ingredients for farmers. This topic is important to understand the factors of high livestock feed prices and meat prices affecting consumers.
This article will discuss the price of livestock feed concentrate in Nigeria and the factors contributing to prices.
What is Livestock Feed Concentrate?
Livestock feed concentrate is the nutrient-dense supplement that livestock need to thrive. It is typically high in energy and protein and can be made from various ingredients, including grains, oilseeds, and byproducts.
Types of Concentrate Feeds
1. Proteinaceous concentrates
Proteinaceous concentrates contain high levels of protein. Examples are soybean meal, cotton meal, fishmeal, flaxseeds, sunflower oil, etc.
2. Carbonaceous concentrates
Carbonaceous concentrates: This concentrate contains “Enargy” but less protein. They are needed in large quantities for livestock. Examples are maize, rye, wheat, oat, and millet.
Price of livestock feed concentrates in Nigeria
The price of livestock feed concentrates in Nigeria ranges from ₦8,000.00 to ₦50,000.00. The price increased sharply due to the high cost of maize, soybean, wheat, and other ingredients for making livestock feed concentrates.
Factors that affect the prices of livestock concentrates in Nigeria
1. Cost of maize production in Nigeria
The cost of maize production in Nigeria is a major challenge. Farmers incur high costs in purchasing maize inputs such as seeds, fertilizers, and agrochemicals. Also, another challenge is the high cost of hiring laborers and farm machinery to work on the maize farm.
2. Cost of soybean production in Nigeria
Soybean has a high level of demand in livestock concentrate feed formulation. However, the livestock industry demands more soybean farmers to produce more due to Nigeria’s high cost of soybean production. Its inputs, like fertilizers, seeds, and chemicals, are expensive.
3. Cost of transportation in Nigeria
Farms in Nigeria are located in rural areas with bad road networks. Due to the long distance involved in transporting livestock feed concentrate ingredients like maize and soybean, haulage service charges more to cover the expenses of fuel and truck maintenance.
4. Cost of processing livestock concentrate feed
Feed processing companies in Nigeria incur high costs in processing livestock concentrate feed. Some of the costs in feed processing include high feed processing machine maintenance, labor costs, electricity, and sourcing of feed ingredients. These factors influence the price of livestock feed concentrates in Nigeria.
Where to buy livestock concentrate feed in Nigeria?
Below is a list of livestock concentrate feed suppliers in Nigeria.
- Capsfeed Limited.
- Coppens Feeds.
- Livestock Feeds Plc.
- Supreme Feeds
- Hi-Nutrients International Ltd.
- Moogbams Feedmills and Agro Allied
- Rainbow Feed Nigeria Ltd
Conclusion
Livestock concentrate feed is essential for the maximum growth of farm animals. Always ensure the livestock concentrate feed is not moldy and safe for use.
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