What causes Aquaculture feed prices to increase?
Aquaculture feed prices can increase due to a variety of factors, including rising costs of raw materials, transportation, and labor. Additionally, changes in demand for certain fish species and fluctuations in currency exchange rates can also affect the price of aquaculture feed. Droughts, floods, and other natural disasters can also disrupt the supply chain and lead to price increases. In some cases, the use of fishmeal and fish oil as ingredients in the feed can also cause price increases due to the limited availability of these resources. Aquaculture feed price increase can also be caused by the increase in demand of fish protein in the global market which can push up the price of the feed.
How does the war in Ukraine affect feed prices?
War in Ukraine can affect the price of aquaculture feed due to disruptions in the supply chain of raw materials. Ukraine is a major producer of grains and oilseeds, which are commonly used as ingredients in aquaculture feed. If the war disrupts transportation and trade routes within the country, it can make it difficult to access these raw materials and increase the cost of producing aquaculture feed. Additionally, if the war causes damage to agricultural infrastructure, it can reduce the overall supply of grains and oilseeds, further driving up prices. Furthermore, if the war causes displacement or shortages of labor, it can also cause a rise in the cost of producing the feed. Overall, the war in Ukraine could affect the price and availability of ingredients used in the aquaculture feed, leading to higher costs for farmers.