Turkey is a commodity best known for its seasonal consumption – Thanksgiving, Christmas and Easter. The estimated spend on the commodity in the US is $960million.
In Nigeria, the domestic price of turkey has increased by 38% to N1,800 per kg. This is partly due to the border closure as well as the seasonal demand. The good news is that prices typically fall in January.
In the slides, these issues were discussed by analysts at the FDC Think Tank on Channels TV Business Morning programme today.