Fish Feed Prices Rise 30-35% After Subsidy Removal

The share of Iran Fisheries Organization in Agriculture Ministry’s subsidized inputs was not more than 1-2% per month yet it was a great help to fish feed producers and also gave the bargaining power over pricing to the organization in its negotiations with producers, an official with the organization said. 
“With the removal of this subsidy, Iran’s Fisheries Organization lost its leverage to change prices,” Morteza Afrasiabi was also quoted as saying by ILNA. 
“Fish feed prices have increased by 30-35%. The consumer prices of fish, particularly cold-water fish that accounts for 90-95% of domestic consumption, has increased. Fish prices increased from 600,000-700,000 rials per kilogram last [fiscal] year [2021-22] to 1-1.1 million rials at present. The production of fish and other aquatic species is expected to reach 708,000 tons this year [2022-23].”