# Price pressure on Indonesian fish feed producers - Benison Media

> Indonesian fish feed producers plan to raise prices by about 3.8% by May 1 after production costs rose 5.4%, driven by soybean meal, vitamins and dollar appreciation. Soybean prices have risen more than 10% so far this year, partly due to drought in Argentina.

- Date: 2018-05-21 · published 2018-05-21T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/65114-price-pressure-on-indonesian-fish-feed-producers-benison-media
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rising soybean meal costs and a stronger dollar lift feed input costs in Indonesia, supporting soybean meal demand and prices in the region.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- benisonmedia.com: https://benisonmedia.com/price-pressure-on-indonesian-fish-feed-producers/

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