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Poultry farmers and other animal breeders in Kebbi, Sokoto and Zamfara States in Nigeria have abandoned businesses because feed costs have risen sharply. Maize, which makes up about 55 per cent of poultry feed, and soybeans both reached very high local prices at the peak.
Insecurity that keeps farmers off their land, transport costs, fertiliser prices and the exchange rate have tightened supply further.
Higher maize and soybean costs in Nigeria raise feed prices and push small poultry producers out of business, which cuts local poultry supply and keeps demand for imported feed ingredients firm. The effect on global prices is limited because this is a regional squeeze.
dailytrust.comNov 15, 2026After 328 past bullish policy events, Corn moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +1.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
