India's shrimp feed price is hiking

Some feed companies have started hiking the prices for shrimp feed products. Over the last few months, the steep rise in raw material prices has prompted this price hike, and the trend is expected to continue. Furthermore, the soy prices are not declining, and the fish meal prices are hiked due to low sea harvests. The dealers have been notified to apply the new rates starting from March 2022. Other feed companies that have not yet hiked prices are expected to follow suiting in the coming weeks. This price hike will likely impact the export prices for processed shrimp in the upcoming season.