The increase in energy, fuel, shipping and ingredient costs is hitting feed giant Skretting and its customers hard, but there is little that can be done at the moment to soften the blow, Skretting Norway CEO Havard Walde told IntraFish.

"It is a significant cost shock that is hitting our value chain now," said Walde. "This is the type of burden we cannot bear alone. We must pass on the bill," said Walde, who adds that customers so far have been understanding of the situation and constructive in their approach.