Rising shrimp feed costs hurt farmers despite higher volumes
In short
Shrimp feed prices have gone up, and farmers are facing pressure even though volumes are higher. BusinessLine says El Niño has affected supplies of key farm and marine raw materials.
The cost jump is hurting their outlook.
What the reporting says
Shrimp feed prices have risen, partly because El Niño has affected the supply of key agricultural and marine raw materials. BusinessLine says the higher feed cost is dampening shrimp farmers’ prospects even as volumes are higher. The source links the cost pressure to input availability, which is squeezing profitability for producers.
Why it matters
Shrimp feed prices have increased, with BusinessLine attributing part of the rise to El Niño’s effect on the availability of key agricultural and marine raw materials. The higher input cost is dampening prospects for shrimp farmers even as volumes are higher. The immediate impact is on producer margins and farm economics.