# Tight supplies, rising meal prices affecting fish industry

> Nigerian fish producers report that fishmeal and fish oil prices have risen sharply, with one kilo of fishmeal up from N120 in September to N320. Producers and feed companies have cut fish oil use and are shifting to soy and sunflower proteins, while the livestock sector recovers from COVID-19.

- Date: 2021-04-05 · published 2021-04-05T12:00:00.000Z
- Category: market · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/47685-tight-supplies-rising-meal-prices-affecting-fish-industry
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tight global fishmeal supply and strong demand from aquafeed buyers keep prices high, pushing feed makers toward plant-protein substitutes such as soymeal.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Sources

- thenationonlineng.net: https://thenationonlineng.net/tight-supplies-rising-meal-prices-affecting-fish-industry/

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