Home MMBIZ News Fish Feed Prices Sink, Soggy Chinese Market to Blame

Fish Feed Prices Sink, Soggy Chinese Market to Blame

The waning demand from China is pulling down the prices of the raw materials for fish and shrimp feeds, Dr Thet Mhu, chairman of Myanmar Aqua-feed Association, said.

“Myanmar’s feed material market is inexorably linked with the border trade. Now, the Chinese have stopped buying rice bran but are still buying corn and broken rice,” he told a Myanmar Fisheries Federation’s (MFF) meeting.

Since China has officially banned rice imports through Myanmar borders in August, inspection measures on feed raw materials have also been heightened by the Chinese side and the exporters from Myanmar are also being scrutinised unlike the past when the Chinese buyers would only check the materials visually, he added.

As of last year, sesame meal fetched between K1,200 and 1,300 per viss (about 1.6 kg) versus K1,400 to K1,500 in the previous year and rice bran price decreased to K95 to K100 per pound from K150 a year before. Pulse bran and corn prices have also dropped, he said.

The prices of the raw materials for feed are expected to fall further as fresh raw materials are added into the market between November and March.

Chinese buyers who had previously bought aqua-feed materials from Mandalay are now buying the raw materials through shortcuts across northern and southern Shan state and also from the town of Naung Cho and 105 mile border trade station with China in Muse, the Myanmar Aqua Feed Association said.

According to MFF, Japanese investors are planning to establish an aqua-feed mill in 2015 while South Korean and Taiwan investors have already built feed mills which have not yet started operating.

- Advertisment -

Must Read

Govt Extends Deadline for Taxes on Unassessed Income

အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် The Ministry of Planning and Finance issued an order on September 22 extending the deadline for tax payment on the unassessed income...