Wednesday, 7 October 2015
Economic Potentials of Poultry Farming in Africa
Poultry are domesticated birds kept by humans for the eggs they produce, their meat, feathers and sometimes as pets.
These birds include Chickens, Quails, Turkeys, Water fowls, Ducks. geese, Pigeons e.t.c
Economic Potentials of Poultry business.
The economic potentials of poultry business in Africa is so much that I have decided to take a look at the potentials in Ghana and Nigeria
Ghana
Ghanaian poultry consumption is expected to surpass 7 kg per person by the end of 2014. All sign would point to high times for producers, yet production numbers remain static while imports continue to growth approximately 10% biannually.
Government officials confront the problem by raising the fees on the imported chicken – currently 20% duty, 12.5% VAT and an additional 4.9% for a mix of smaller charges. The government additionally supports lowering and, in some cases, removing import duties on poultry inputs, including feed, drugs, and other related additives. Such efforts are intended to lower the US$5.00 per kilo (US$2.27 per lb) price of chicken.
Farmers and investors face tough hurdles in ensuring the health of their poultry. Current protection measures surpass neighboring countries but are not up to commercial standards, i.e. for a restaurant such as KFC.
Transport infrastructure in the country has greatly improved in recent years, further opening the potential for the sector.
Nigeria
The Nigerian story is similar to the Ethiopian story but with higher potential. The Nigerian population is approximately 170 million persons and growing. Annual consumption of poultry is
already in the double digits but far from the 40 kg annual consumption that South Africa is
approaching. The cost of chicken is about US $6.90 per kilo (US$3.14 per lb).
The opportunity, in the eyes of a local farming group, is dependent on constant trial and error and coddling local connections. It is time consuming but worth the adventure and reward. (africa.com)
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