Profitability of carp production in Macedonia and Serbia

Abstract

Macedonia and Serbia are countries with long tradition in freshwater carp production. In this study, the aim is to assess the carp fish production economics, with particular focus on profitability. The findings revealed that carp production is profitable in both cases, though with better returns in the Macedonian case with the rate of profitability being 17.18%, in comparison to 8.10% at the Serbian farm. The full cost of production per kg is €2.56 and €2.25 in Macedonia and Serbia, respectively. The current profitability levels are highly sensitive to market price fluctuations, and there is considerable room for yield improvement and costs reductions.

Keywords

• carp production
• profitability
• Macedonia
• Serbia