According to a variety of studies show Canola oil maybe a good alternative to fish meal in commercial fish feed for use in Aquaculture. Fish meal prices could increase by 43 percent in 2020. The price of fish meal peaked in 2020 and by December 15, 2021 the price had dropped to $1,436 per metric ton. The prices of fish meal dropping what will be in store for canola based aquafeed? Could help open the door for More usage for canola in Aquafeed, the price of can canola oil has been very volatile in the las year ranging to a low of 735 in June to 1,092 in December with the current price slightly above 1,000. The demand appears to be strong for fish meal expecting to rise about 5 percent a year with Peru being the country with the largest amount of yearly production. In the world of Canola, there several key factors which will benefit Canola oil to be used in the use of aquafeed. Cargill has plans on building a 350 million Canola plant in near Regina in Canada to be opened in 2024. The F3 Challenge is off to good a good start offering $100,000 for aquafeed usage with out using fish oil or fish feed. Nuseed has developed Aquaterra omega3 oil feed primarily developed fish nutrition with initial studies looking very promising.
Is Canola Oil based commercial fish feed a trend in the future?
Alternative Aquaculture Feed