As a fish farmer, you will realise the constant increase in the price of fish feed in the country has made it difficult to keep pace with production. According to reliable reports, there has been an over 20% rise in the increase in aquaculture and fish production raw materials.
One peculiar thing to note about the fish farming business is that fish feed consumes a lot of money spent in the market. Every successful fish farmer knows this. The bolded ‘successful’ entails that in a failing fish farming business, especially in Nigeria, the owners would instead invest in other expenses and waste funds on overstaffing and other irrelevant aspects.
It’s not just about establishing a fish farm but, most importantly, getting the right type of fish feed.
Know your budget expenses, and you will discover that fish feed takes up a massive chunk of the costs. Keeping your fish feed budget will aid your fish farming business.
That will enable you to make some choices related to fish feed spending. Before taking a look at the fish feed price in Nigeria, let’s explore some factors:
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- Your fish, to have a better chance of faster growth, must be fed adequately.
- The better you feed your fish, the better it looks and grows.
- If your fish is not properly fed, it will have stunted growth. This relates to your feed conversation ratio.
- The feed-the-conversation ratio shows how much money your fish farm will make.
- The more good feed your fish consumes, the better they grow.
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Understanding the concept of Feed conversation ratio will enable you to increase the profitability of the feed fish.
Fish Feed Prices in Nigeria
The prices of fish feed prices in Nigeria vary tremendously, some fish feeds are cheaper, while some are expensive. The critical questions are: ‘are all fish feeds capable of producing the same results?’ & ‘ are some fish feeds better than others?”
In Nigeria, there are a lot of fish feeds. This post will discuss some aspects of it. We need to emphasise that a lot of fish feed in Nigeria is packed in a bag that weighs 15kg.
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Foreign Fish Feeds
A lot of foreign fish feeds are replete in the Nigerian market. Some of them are:
- Durante Fish feeds
- Aller Aqua Fish feed
- Coppens Fish feed.
The fish you rear in your fish farm must determine the type of fish feed you will use.
Local Fish Feed
On the same note, a lot of fish feeds are produced locally in Nigeria. Some common brands are:
- Vital fish feeds
- Chi fish feed
- Top fish feed
- Blue crown fish feed
- Ace feed
- Vision fish feed
- Mogbam fish feed etc.
Prices of Local Fish Feed in Nigeria
Local fish feeds are made in Nigeria, by the fish customers. The local feed mill is the machinery in which they use to formulate their fish feed.
Fish Feeds Price
| Feed Brand | Price Per Bag |
| Vital fish feed price | ₦5200 to ₦6300 |
| Chi fish feed price | ₦4000 to ₦6000 |
| Zeigler Fish Feed price | ₦10000 to ₦12000 |
| Top feed fish feed price | ₦5600 to ₦6500 |
| Blue crown fish feed price | ₦5000 to ₦6000 |
| Ace fish feed price | ₦4000 to ₦5500 |
| Aqua fish feed price | ₦9700 to ₦11000 |
| Crown fish feed price | ₦5100 to ₦6200 |
| Vision fish feed price | ₦4000 to ₦6000 |
| Premium fish feed price | ₦11700 to ₦12000 |
| Aqualis fish feed price | ₦5700 to ₦10000 |
| Mogbam fish feed price | ₦4000 to ₦6000 |
| Tropical fish feed price | ₦7500 to ₦8500 |
| Aqua special floating fish feed price | ₦4700 to ₦5300 |
| Aqualic fish feed price | ₦2500 to ₦3200 |
| Ornamental fish feed price | 500 |
| Fish food flakes price | ₦1900 to ₦2200 |
| Prime fish feed price | ₦8700 to ₦9200 |
| Aler aqua fish feed price | ₦8000 to ₦12000 |
| Skretting fish feed price | ₦6700 to ₦10000 |
| Ecofloat fish feed price | ₦4100 to ₦8000 |
| Fish Feed Nutri source price | ₦8500 to ₦10000 |
| Coppens fish feed price | ₦6200 to ₦8000 |
It’s also pertinent to note that catfish and tilapia feed prices in Nigeria range from three thousand naira (N3,000) to twelve thousand naira (N12,000), depending on the brand.
How Much Does it Cost to Start a Fish Farm in 2023
A fish farm is lucrative, and a lot of people are interested in starting a fish farm this year. However, it is important to know the expenses involved before setting it up. The following are some of the costs you’d have to consider:
Pond Rentage
The cost revolves around which ponding system you will use to rear your fish. You might want to purchase or rent. Regardless of this, you must prepare expenses for pond rentage.
Juvenile procurement
Fish juveniles can either be bought from breeders or self-bred. It costs 20–40 naira.
Feed
You must calculate the cost of fish feed, whether conventional or non-conventional. The guide above will help you.
Labour cost
If you plan to employ a worker or workers, it must be included in the overall expenses. Their wages or salaries should be in line with the present economic situation.
Cost of logistics
The cost of logistics should be factored into your expenses. This involves transport fares and manpower costs, among others.
Security
If you will not be there to monitor your pond or if you stay in a highly secure area, it is better to pay for security services to watch over your pond, especially at night.
Sample of Fish Farm Cost Analysis
| Detail of Expenditure | Cost Value (Naira) |
| Pond rentage for six months (for 1,000 juveniles) | 14,000 |
| Pond preparation (applicable to earthen pond only) | 11,000 |
| Netting (including workmanship) | 6,000 |
| Procurement of juveniles (N25 each; between 6 and 10 grams) | 27,000 |
| Feeds (floating all-through): 74 bags at a conversion ratio of 1.2:1kg. (A bag will cost N6,000.) | 494,000 |
| Cost of feeding (assume N2,000 monthly for five months) | 13,000 |
| Cost of logistics (assume N2,000 monthly for five months) | 15,000 |
| Security (assume N1,000 monthly for five months) | 7,000 |
| Cost of medication (optional) | 5,000 |
| Cost of Cropping | 6,000 |
| TOTAL | 560,000 (Estimated) |
FAQ
What is Blue Crown fish feed price in Nigeria
Blue Crown fish feed costs around ₦13,300.00 – ₦15,700.00 depending on the size.
Blue Crown feed is a top choice of Nigerian fish farmers. It is made in Nigeria with innovative extruding approach. It is enriched with all the nutrients that guarantees a healthy and high fish yield.
What is Skretting fish feed price in Nigeria
Skretting is a popular aquaculture brand and is known for providing sustainable nutritional solutions for the Nigerian fish farming industry.
Here are the prices for skretting fish feed:
- 2mm 10,400
- 3mm 10,200
- 0.7mm #7900
- 1mm #7,700
- 1.8mm #7000
What are Catfish Feed Prices in Nigeria?
The cost of catfish in Nigeria varies. For instance, a 15kg bag can cost from ₦6,500 to ₦12,000. Another factor that affects the cost of Catfish feed is whether it is a local or popular brand. Local brands are cheaper than popular brands.