Here in this post, we are going to bring you up-to-date information on the price of fish in Nigeria. We hope you find this invaluable.
Animal feed plays a vital role in determining the success and profitability of livestock farming. Although, my focus in this article is on fish feeds and their prices, nevertheless, you will agree with me that, on daily basis, there are some important decisions made with a view to knowing exactly the best fish feed to rear fishes.
In fish farming business for example, fish feeds takes up to about 70 percent of investment made in the business, and this happened only in a well-planned fish farm.
Read Also: Cost of Feeding 1000 Catfish In Nigeria
Why am I using the word ‘well planned’? It is because some fish farmers in Nigeria rather spent so much on production expenses, and as a result increased unnecessarily the costs of staffing and power including other activities in the fish farming business
Having said that, one thing is to start your fish farming, and another thing is to decide on what type of feed, you are to use in feeding your fish.
Once you have done with your accounting and find out that much of your production expenses actually go into your fish feed, you have to then realise that, you have to keep your fish feed budget as low as you can.
It is at this point that you can take decision with respect to your fish feed expenses. However, before we actually look at the prices of the fish feeds, there is need to consider some of the ground rules here.
Read Also: 9 Steps to Start Fish Farming In Nigeria
What Are Some of These Ground Rules?
Some of the ground rules are discussed below:
What You Garbage In Is What You Garbage Out
It is true that your fishes must eat efficiently in order to grow fast to their full potential. That does not mean that your fish can eat anything, but even if, your fish eat anything, it will not eat anything to grow to a matured size. In other words, If you feed your fish bad, just expect bad reared fish as a result.
Feed Conversion Ratio f c r
F.C.R simply means, feed conversion ratio. It is considered the underlying sign of profitability of a Farm. It also signal the efficiency of fish.
It however, raises a question as to what quantity of feed do you actually want to give your fish so as to make them get to a certain weight.
It is very important for you to understand this very well and keep to it. Beside, you can on your own research on how to calculate the feed conversion ratio f c r of your fish in your farm.
Prices of the Fish Feed
Some of the prices of fish feeds are actually more expensive than others. But one may ask, whether all the fish feeds offer the same results.
And or is there any comparative advantage a particular fish feed has over the other? For example, suppose you use a feed of about 650n per kg with a result of say, 1.2 feed conversion ratio f.c.r, which is equivalent to 1.2 of 650n, meaning, it is about 780n to have 1 kg of fish.
Again, suppose that you also use a feed of about 200n per kg with feed conversion ratio f.c.r of 2? Invariably, this means that you have used 2 of 200n which is equivalent to 400n to have 1kg of fish, although it involved a little more time.
Now, at this point, you can decide on which of the options is better and profitable? You can then choose from either the 750 or the 400.
Read Also: How to start a Fishery Business in Nigeria
Types of Feed in Terms Of Imported and Locally Made
At present, there are different ways to have different fish feed in Nigeria, and in this article, I am looking at it in three areas. And it is worthy of note also that majority of these fish feeds come in 15kg bags. Now, let us look at them one after the other.
Imported fish feed
These are some of the imported fish feeds into Nigeria, and they include,
-Skretting, that is, Durante fish feed, and
-Coppens fish feed, and
-Aller Aqua fish feed.
However, your knowledge of the best fish feed to use in rearing your type of fish A, is also the knowledge you need in knowing the best fish feed you are using to feed your type of fish B. This is important!
Nigerian Made Fish Feed
Equally, there are quite a number of these fish feed that are made here in Nigeria, and are popular brands in the country. They are for example,
-Chi fish feed, and
-Vital fish feed, and
-Top fish feed, and
-Aqualis fish feed, and
-Blue Crown fish feed, and
-Skretting sinking feed (25kg bag), and
-Ace feed, and
-Mogbams feed as well as,
-Vision Fish feed.
Do not forget that it is important to know the type of fish feed that will be peculiar in rearing your types of fish.
Indigenous Fish Feeds from Local Feed Mills
These fish feeds are locally made, and they are made by the end users of fish feeds themselves. How do they do this, they do this by going to the local feed mill in order to make them to formulate fish feeds using their formula. Again the same principle of knowing the best feed for your fish is still applying here.
Prices Of Fish Feeds
-Crown fish feed cost N5,500
-Tropical fish feed cost N8000
-Aqua special floating fish feed cost 5000
-Fish Feed 45% crude protein cost N3,500
-Ornamental fish feed cost N500
-Prime fish feed cost N9000
-Aqualis fish feed cost N6,800
-Aquafeed fish feed cost N10,500
-Skretting fish feed cost N6,700
-Aqualic fish feed cost N2,500
-Aler aqua fish feed cost N8000
-Ecofloat fish feed cost N4,100
-Coppens fish feed cost N6,200
-Topfeed fish feed cost N6000
Blue crown fish feed cost N5,300
-Fish Feed nutri source cost N8,500
-Fish food flakes cost N1,999
Once you have done with your accounting and find out that much of your production expenses actually go into your fish feed, you have to then realise that, you have to keep your fish feed budget as low as you can, based on the prices of fish feeds listed above.Buy and Sell Bitcoin in Nigeria - Register for free on Luno
Click here to see the latest Study Abroad Scholarships and Guides
Click here to see the latest Jobs opportunities in Nigeria.