Nigeria is likely to witness a serious shortfall in soybeans production this year with the farmers’ association projecting output may drop by 50 percent. They had earlier projected to produce one million (100 kg) bags this season but unfortunately, because of COVID-19, a lot of farmers could not get access to the CBN Anchor Borrowers’ loan, thus reducing the number of farmers able to cultivate soybeans.
Professor Nafiu Abdul, the National President, Soybeans Farmers Association, said: “This is going to reduce production by almost 50 percent. It will certainly affect the poultry feed industry, which uses the crop as the main ingredient in feed production – a situation that will force prices up.”
Maize and soybeans are the major ingredients of poultry feeds, and already maize farmers are lowering their forecasts, due to the COVID-19 pandemic. Poultry farmers, across the country, are already lamenting the scarcity of maize for the production of feeds.
Dr. Nafiu noted that farmers are apprehensive about the COVID-19 situation, especially as the cost of inputs continue to rise. Fertilizer is currently being sold in some locations at more than N10,000, which is double what it was sold last year. Daily Trust