How much does a bag of fish feed cost in Nigeria?
A bag of fish feed, which usually equates to between 13 kg and 17kg, sells for between N6, 000 – N8, 000, depending on the brand you are going for.
Is fish feed production profitable?
The fish feed production business can be considered as one of the most profitable agribusinesses that someone can venture into. The reason is that, there is nothing like the risk and high costs of growing fish, which of course, is normally cost plenty of money to run such business.
How much profit does a fish farmer make in Nigeria?
The current market price for 1kg of fish is N800 so you can generate sales of N380, 000 (475 X N800). With an invested capital of N310, 000 and sales of N380, 000, your gross profit margin is 22.58%. Catfish farming doesn’t have a good cash flow. You won’t be able to sell every day or every week.
How do I start a fish feed?
The fish feed mixture is put into the fish feed extruder so that it can be processed into pellets. The size of the pellets will depend on the size of the fish that wants to be feed. Dry the Fish Feed Pellets: After granulated mash is formed, it is then dried in a fish feed dryer to reduce the moisture content.
Which fish feed is the best in Nigeria?
Top Ten Best Fish Feed Brands In Nigeria
- Aller Aqua.
How much is a bag of Coppens in Nigeria?
Fish Feeds Price
|Feed Brand||Price Per Bag|
|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|
Is fishery a good business in Nigeria?
One of the most popular agribusiness in Nigeria is fish farming and for good reasons. Gone are the days when the only means of getting fish is by catching it in the local rivers and ponds through trial and errors. Today, the modern farm practice has made it possible to grow fish in the farms and control the input.
How much money do fish farmers make?
How much profit can a fish farm make? Depending on what kind of fish you’re farming and how large the operation, the annual salary can range between $35,000 to upwards of $150,000.
What do fish feed on?
Live fish food include earthworms, sludge worms, water fleas, bloodworms, and feeder fish. Food for larvae and young fish include infusoria (Protozoa and other microorganisms), newly hatched brine shrimp and microworms. These are the most preferred type of food for fishes, but are difficult to get.
What makes a successful fish farm in Nigeria?
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.
How much can you make from fish feed in Nigeria?
Net profit of N30,000 can be made on every tonne of feed produced. This translates to net income of N6 million per annum. This is another feasible and genuine means of livelihood for Nigerians. Author’s Contact: 08023058045, [email protected]
What kind of fish are grown in Nigeria?
The two main species of fish grown in Nigeria are catfish and tilapia. In order to have a successful fish feed production business, you must develop feeds that will suit the tastes of these fish grown in Nigeria. Catfish, for example, prefer soybean meal to cottonseed. Raw materials with rough machining methods should be avoided.
How much money is spent on fish feed?
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.