Agriculture experts are calling for urgent measures to contain the rising cost of imported fishmeal, warning that sustained price increases are pushing up feed costs and putting pressure on the aquaculture and poultry industries.
Fishmeal, a crucial protein ingredient in animal feed has become more expensive due to global supply constraints, foreign exchange volatility, and import challenges. Farmers say the higher costs are driving up production expenses, with feed already accounting for most of the cost in livestock and fish farming.
Stakeholders are urging the government to review tariffs on essential feed ingredients, boost local feed production, and support alternative protein sources such as insect-based meal to reduce dependence on imports.
They caution that without timely intervention, escalating feed prices could increase food costs, weaken livestock production, and slow efforts to expand the country’s local protein supply. Visit www.jocomms.com for more news.