# Pico Agriviet Company - News - World Agricultural News

> South Korean compound feed makers raised aquaculture feed prices 7-8% in April and plan another 7-8% increase from August 1, the first time feed has been raised twice in a year. Manufacturers cite higher international grain, fishmeal and oil prices, a stronger dollar and higher shipping costs.

- Date: 2022-07-25 · published 2022-07-25T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/40571-pico-agriviet-company-news-world-agricultural-news
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A second feed price hike signals firm demand for fishmeal, grains and oilseed meals used in Korean feed formulation, although the increase reflects costs already passed through rather than a new supply shock.

## Read by commodity

- USDKRW: neutral
- FISHMEAL: bullish ▲

## Sources

- picoagriviet.com: https://picoagriviet.com/en/south-korea-formulated-feed-for-aquaculture-to-rise-again-in-the-second-half-of-the-year/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.