India is now the world’s second-largest aquaculture producer, and its shrimp sector has grown at roughly a 25% CAGR over the past eight years, driven largely by the Vannamei shrimp boom. That growth has created a problem every aqua feed manufacturer knows well: fishmeal, the traditional backbone of shrimp and fish diets, is expensive, supply-constrained,

Quick answer: As of September 2026, Maize Gluten Meal (MGM, also called corn gluten meal, 60% crude protein) trades between ₹35–48/kg for verified, lab-tested bulk feed-grade material in India, with premium low-moisture, consistent-colour lots running up to ₹48–52/kg. This is meaningfully cheaper, per unit of protein, than soybean meal — which remains elevated even after