This year, there was an egg glut in Nigeria. In Q1, it was severe due to the naira redesign, cash crunch and the general elections.
What is an Egg Glut?
An egg glut is a situation where the number of eggs produced is greater than the demand, causing an undesirable accumulation of table eggs in farms or stores.
When egg glut happens, poultry farmers record losses because there are less buyers for the eggs. This leads to the eggs getting spoilt after a 3-week lifespan.
As a marketer, how do you reduce the loss for your poultry farm?
Before the Best-Before Date:
1. Partner with schools to implement “An Egg Per Day” plan for each student.
2. Eliminate the middleman as the eggs approach their Best-Before Date. Using a truck, take the eggs to a busy roundabout and sell at a very discounted rate.
3. Donate eggs as CSR to Orphanages and Motherless Babies Homes.
After the Best-Before Date:
1. Sell eggs as manure to other crop farmers.
2. Sell eggs as ingredient to those that make Fish/poultry/pig feed.
3. Insurance. Ensure the business had already subscribed to an insurance plan.
Earlier reports 24th April 2023
The Poultry Association of Nigeria (PAN) has urged the Federal Government to intervene in the current egg glut being experienced in the market, forcing farmers to reduce prices.
Godwin Egbebe, the national publicity secretary of the association, made the plea in an interview on Thursday in Lagos.
n egg glut is a situation where the number of eggs produced is greater than the demand, causing an undesirable accumulation of table eggs in farms or stores.
He said that some states had come to the rescue of farmers but they had yet to receive any intervention from the Federal Government.
“States like Lagos, Plateau and Ogun have come to the aid of poultry farmers in their states since the egg glut witnessed in the sector.
“Ogun bought 10,000 crates, while Lagos facilitated the mop-up of 300,000 eggs and Plateau also mopped up a considerable amount.
“As an association, we appreciate them but we believe state governments can do more to aid the sector at this critical time.
“For instance, Ogun mopping up 10,000 crates of eggs is a far cry from the state’s production capacity.
“It is just like off-taking one-day production from a single poultry farm,” he said.
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