This post will intimate you with the current fish feed price in Nigeria. The profitability of your fish farm business is based on the fish feed. We may analyse fish feed prices, but we will also explore which fish feed is the best to use for fish rearing.
One peculiar thing to note about fish farming business is that fish feeds consume a lot of money spent in the market. Every successful fish farmers know this. The bolded ‘successful’ entails that in 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 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 feeds price in Nigeria, let’s explore some factors:
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- Your fish, to have a better chance of faster growth, must feed adequately.
- The better you feed your fish, the better it looks and grows.
- If your fish is not rightly fed, it would have stunted growth. That relates to your feed conversation ratio.
- Feed 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 Price In Nigeria
The prices of fish feed price 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 is a lot of fish feeds. This post will discuss some aspects of it. We have to emphasise that a lot of fish feeds in Nigeria are 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
Crown fish feed 5,500
Tropical fish feed 8,000
Aqua special floating fish feed 5,000
Ornamental fish feed 500
Prime fish feed 9,000
Aqualis fish feed 6,800
Aqualic fish feed 2,500
Aquafeed 10,500
Skretting fish feed 6,700
Aler aqua 8000
Ecofloat fish feed 4,100
Coppens fish feed 6,200
Top feed fish feed 6000
Blue crown fish 5,300
Fish Feed Nutri source 8,500
Fish food flakes 1,999
How Much Does it Cost to Start a Fish Farm in 2021
Fishfarm is lucrative and a lot of persons 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 cost you’d have to consider:
Pond Rentage
This cost revolves around which ponding system you will use to rear your fish. You might want to purchase or rent. Regardless of this, your must prepare expenses for pond rentage.
Juveniles procurement
Fish juveniles can either be bought from breeders or self-bred. It costs from 20-40 Naira.
Feed
You must calculate the cost of fish feed, whether conventional or non-coventional. The guide above will help you.
Labour cost
If you plan to employ a worker or worker (s), it must be included in the overall expenses. Their wages or salary should be in line with the present economic situation.
Cost of logistics
The cost of logistics should be factored in your expenses. This involves transport fare, manpower cost amongst others.
Security
If you will not be there to monitor your pond or you stay at security volatile area, it is better to pay for security services to watch after 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 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) |
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