# Fish feed prices reach new high, approaching $1.50/kg | Salmon Business

> Salmon feed prices reached a record, with dry feed around $1.48/kg in Q1 2022, up 10% since the start of the year. BioMar cites higher raw material, transport and energy costs linked to the Russia-Ukraine war.

- Date: 2022-06-29 · published 2022-06-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/41037-fish-feed-prices-reach-new-high-approaching-1-50-kg-salmon-business
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Wheat's sharp rise since the invasion raises feed formulation costs, while soybean meal prices have eased over the spring, a mixed signal for ingredient buyers.

## Read by commodity

- SBM: bearish ▼
- WHEAT: bullish ▲

## Sources

- salmonbusiness.com: https://www.salmonbusiness.com/fish-feed-prices-reach-new-high-approaching-1-50-kg/

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