Cost increase of 300 million

Around 600,000 tonnes of feed is produced annually in Norway alone. A price increase for fish feed of NOK 0.50 per kilo, will result in a cost increase of around 300 million kroner for feed manufacturers. Feed manufacturers with narrow margins will then shove the costs over on to their customers, which means the fish farmers. Thereby 300 million is shaved off the bottom line for Norwegian fish farmers. Several players have already declared feed raw materials and fish oil in particular, as the most significant bottleneck for the marine farming industry.