The poultry and fish industries have been under tremendous pressure for several years owing to the continuous surge in feed prices, which accounts for 70 percent of farmers’ production costs.

Abisola Olusanya, the state’s commissioner of Agriculture who made this known at the Lagos Food Systems Stakeholders Breakfast Meeting yesterday, said that farmers cannot continue to rely on imported feeds for their birds and fish owing to FX volatility.

“We are looking at alternative feeds for our farmers and see how we can support the businesses providing this solution to scale,” Olusanya said.

“As long as we don’t have adequate feed meals and adequate inputs, the cost of feed for farmers will continue to climb and as the dollar rises, it will also increase,” she said.

Source: Business Day