Today, Asia’s aquafeed industry is facing unprecedented challenges arising not only from the pandemic but also global trends – rising ingredient and high freight costs, supply chain disruptions and the push for use of more sustainable feed ingredients. While inflationary cost increases affect all players along the supply chain and is a new normal for aquaculture as a whole, it is particularly difficult for feed millers in Asia tasked with supporting its growth.The Aquaculture Roundtable Series® (TARS) 2022 which is held today in Ho Chi Minh City, Vietnam, seeks to help the aquafeed industry and other stakeholders navigate these challenges by looking into a new equilibrium with feed costs and feed efficiency.
Ms. Zuridah Merican, Chair of TARS 2022, said that: “As we come out of lockdown, we meet here in Ho Chi Minh City, Vietnam was chosen as the venue for this 11th TARS because of its dynamic aquaculture industry and its supportive aquafeed industry. Aside from well-established local aquafeed businesses, Vietnam is also a center of feed production for large multinationals”.
There are about 250 participants from the relevant industry coming to TARS 2022
Along the value chain, feed companies are a major force, which causes a push effect to drive the industry. But this year, the rise in the costs of feed ingredients, high freight costs, supply chain disruptions and demand for more sustainable feed ingredients are major challenges facing the global aquafeed industry. For the feed industry in Asia, it is a question of raising prices, reformulating or compromising on quality. TARS 2022 seeks to help the aquafeed industry and other stakeholders navigate these challenges by looking into a new equilibrium with precise nutrition and feed efficiency.
TARS 2022 consists of 9 sections with various topics in the aquafeed industry. It is closing at the end of October 7th 2022.
HL
