Insect-derived feed ingredient supplier Nutrition Technologies is aiming to be price competitive with traditional fishmeal by leveraging its position in the lower cost country of Malaysia, CEO Nick Piggott told IntraFish.

"There is a misconception that insect derived products are more expensive than the existing fishmeal, soy and other feed ingredients because the only firms producing alternatives in any quantity are doing so from France, or the Netherlands, or North America, where costs are far higher than Malaysia," he said.