What Is Fish Meal Price: Unveiling The Cost Of This Aquatic Nutrient

The current price of fishmeal, regardless of its origin, stands at $1882.62. This figure reflects a slight increase from the previous month when it was priced at $1879.02 and a more significant uptick from its cost of $1623.30 one year ago. This represents a marginal month-on-month change of 0.19% and a substantial year-on-year increase of 15.97%. These statistics provide insight into the evolving cost trends within the fishmeal market, helping stakeholders track its pricing dynamics over time.

Fish meal is a widely used commercial product derived from various sources, including whole wild-caught fish, bycatch (unintended catch during fishing), and fish by-products. This nutrient-rich substance plays a crucial role in the animal agriculture industry by serving as a primary component in the diets of farm animals such as pigs, poultry, and farmed fish. Essentially, it is a valuable protein source that helps support the growth and health of these animals, contributing to the production of meat, eggs, and seafood for human consumption.