# High cost of feeds threatens Nigeria’s fish farming – Businessday NG

> Nigerian fish farmers say high feed costs, driven by foreign exchange scarcity, are constraining feed imports and pushing up fish prices. More than 95% of fish feed in Nigeria is imported, and fishing output contracted 0.34% in Q3 2016.

- Date: 2016-12-07 · published 2016-12-07T12:00:00.000Z
- Category: macro · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/73572-high-cost-of-feeds-threatens-nigeria-s-fish-farming-businessday-ng
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Currency-driven feed import constraints reduce regional feed demand for imported ingredients, a localized factor with limited effect on global feed grain or meal prices.

## Sources

- businessday.ng: https://businessday.ng/agriculture/article/high-cost-of-feeds-threatens-nigerias-fish-farming/

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