Process Management

News 2921 views last update:6 Aug 2012

Indonesia: Aquaculture feed prices rise

Since last week, an increase in shrimp and fish feed prices of about IDR 100 to IDR 150 (0.8-1.2 €cent) per kg in Indonesia occurred.

According to the chairman of Indonesian Feed Mill Association – aquaculture division Denny Indrajaya, recently in Jakarta, these price increases were triggered by the rising prices of raw materials, especially fish meal and soybean meal.
 
Shrimp feed prices currently range between IDR 11,000 to IDR 14,000 (€ 0.90-1.15) per kg, while fish price range between IDR 8,000 to IDR 9,000 (€ 0.66-0.74) per kg for catfish and around IDR 5,000 (€ 0.41) per kg for tilapia.
 
Indrajaya said that the supply of fish meal is still dominated by imports. “In 2011, imports of fish meal from Peru were about 80,000 tonnes. Whereas local fish meal supply is only 50,000 tonnes per year,” he said.
 
Because of rising raw material prices, Indrajaya encouraged the feed mills to look for cheaper alternative raw materials which can suppress the price of feed.

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