Business

Pig Prices Increased By 20% Effective Tuesday

Pig Farmers Association of Ghana (PFAG) has announced a 20% increment in the prices of pigs.

The Association cited the increase in prices of maize; wheat brand stands; key protein ingredient in feed formulation; main feed base and Rice bran; and vet services and medications for their decision.

It disclosed most pig farms are folding up due to the increase in cost of production which is beyond the control of its members.

It said the new prices will take effect from September 20, 2022.

The Association thereby called on the public to bear with the changes.

“We appeal to our hard-working farmers & bulk buyers to accept the marginal increase as we grow our industry. We will advise our buyer who do supply to the malls not sign long term price contracts but to sign short term contact like three months because of the situation we are in at the moment.”

Below Is A Statement From The Association:

PIG FARMERS ASSOCIATION OF GHANA (PFAG) PRESS RELEASE 6/08/2022
Invited guest, fellow farmers, friends of the media, ladies and gentlemen. On behalf of the National leadership of the Pig Farmers Association of Ghana(PFAG), I want to thank you for making time to grace our Porktober 2022 media launch and media briefing this morning.
As stated by my colleague executives, the Pig Farmers Association of Ghana(PFAG) has gone through various transformation, post-Covid effects, ASF etc, in the midst of already challenging feed supply facing our industry.
The pig farming and processing industry has had several price hikes to our production inputs from last year 2020 to date.
This compelled leadership to review prices of our products effective May 2022.
Further increase in feed cost, husbandry cost etc, a further review is necessary to prevent farmers from shutting down their farms.
Below are highlights of a few;

  1. The price of maize (white &Yellow) which farmers used to buy at GH 56/bag has increased to GH 173-175/bag (More than 300% increase)
  2. The price of wheat brand stands at a whooping GH 46/bag as compared earlier price of GH16/bag to (About 287%).
  3. Soya, the Pig farmers key protein ingredient in feed formulation has moved from GH160/bag and now Ghc340, a whopping 213% jump.
  4. Our main feed base, Rice bran has also increased from GH 17/bag to GH 50/bag (more than 290%).
  5. Vet services and medication is not been spared of the increases, up-to 100% increase been experienced.
    Several members who have not been able to cope with the ever increasing prices have shut down or offered their farms for sales/rent.These increases have pushed a lot of farmers out of business. From the middle of last year 2021 to date,leadership has been receiving calls from farmers who want to sell their piglets & gilts to enable them feed their pigs. Others have chosen to sell the whole farm.
    In light of the above, the leadership in collaboration with the feed suppliers & bulk buyers have agreed to the below increases of the MINIMUM farm gates prices; LIVE WEIGHT=GH 18/kg CARCASS WEIGHT=GH 28/kg
    This increase constitutes about 20% increase. These increases are effective 20th September 2022.
    Once more, we appeal to our hard-working farmers & bulk buyers to accept the marginal increase as we grow our industry. We will advise our buyer who do supply to the malls not sign long term price contracts but to sign short term contact like three months because of the situation we are in at the moment.
    PFAG leadership believes by keeping a low increase will encourage patronage of our pig/ pork products as we grow our industry.
    Thank you and God bless the pig farming industry.
    Kwame Appiah Danquah (president)

Source: opemsuo.com/Hajara Fuseini

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