Poultry Price Shock: Chicken at N25,000 and Turkey at N130,000 Explained

Understanding the Economic Impact: Chicken vs. Turkey Price Surge

The skyrocketing prices of chicken and turkey are alarming and indicative of significant economic challenges. Such price hikes could be due to several factors, including:

1. Inflation: A rise in the general price level affects food items, especially imported goods like turkey.
2. Feed Costs: The cost of feed and other inputs for poultry farming might have increased.
3. Import Restrictions: Policies restricting the importation of frozen poultry can lead to shortages and higher prices.
4. Demand-Supply Gap: Increased demand during festive periods often leads to price surges.
5. Transportation Costs: High fuel prices directly impact the cost of transporting goods.

This situation severely impacts households, especially during festive seasons, making it difficult for many families to afford these staples.