Price trend

According to the monitoring data of SunSirs, at the end of March, the domestic DDGS market continued to be dominated by a weak decline. On March 27, the average market price of domestic DDGS was 2,843 RMB/ton. On March 31, the average market price of domestic DDGS was 2,810 RMB/ton, with a price decrease of 1.17%.

Analysis review

Poor terminal demand and domestic DDGS market was weak and downward

At the end of March, the demand for terminal aquatic feed remained flat, and the confidence of alcohol factories in price supporting was insufficient. The mainstream quotations of alcohol factories in Northeast China had mainly declined slightly, the market transactions were flat and shipment was general. Under the pressure of bad news, the domestic DDGS market continued to be weak and downward, with a weekly decline of over 1%.

Market outlook

Agricultural product analysts from SunSirs believe that the demand for terminal feed will rebound in April, and domestic DDGS is expected to hit a bottom and rebound in the future.

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