The invention relates to a special feedstuff for E.malabaricus, which comprises nutritive substances such as protein, lipid, saccharide, vitamin, mineral, and the like, wherein the protein is between 52 and 56 percent, the saccharide is between 10 and 14 percent, the vitamin is 0.5 percent, the mineral is 4 percent, and an adhesive is 1 percent. The formulation specifically comprises the following components: 55 percent of fish meal, 10 percent of bean pulp, 4 percent of shrimp skin, 4 percent of yeast, 10 percent of casein, 2.68 percent of fish oil, 1.32 percent of bean oil, 6.5 percent of starch, 1 percent of choline, 0.5 percent of vitamin B complex, 4 percent of complex mineral, and 1 percent of algin. The special feedstuff determines the mixture ratios of the raw materials and the content of a few kinds of nutritive materials of various feedstuffs suitable for the growth of the E.malabaricus, and a method for processing and preparing the feedstuff, thus the special feedstuff is applicable to breeding the E.malabaricus in an industrial breeding mode. The special feedstuff is developed on the basis of studying the nutrition physiology of the E.malabaricus by referencing to the nutrient content contained in muscle and using the relative weight increase rate as a constant index. The special feedstuff can improve the yield of the E.malabaricus in a cubic water body by about 15 percent, reduce the bait coefficient to less than 1.5, and improve the utilization rate of baits.