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SunSirs: Bad News, China Domestic DDGS Market Declines
September 07 2023 09:52:00SunSirs(Selena)

According to monitoring data from SunSirs, in September, the domestic DDGS market oscillated and fell. At the beginning of the month, the average market price of domestic DDGS was 3,075 RMB/ton. On September 6th, the average market price of domestic DDGS was 3,062 RMB/ton, a decrease of 0.41%.

Since September, the demand for terminal aquaculture has weakened, the operating rate of alcohol factories has increased, the market supply has been loose, and the DDGS market has continued to decline. The overall quotation of the alcohol factory has decreased, with an average market price of around 3,000 RMB/ton, and the price has decreased by 50 RMB/ton compared to the beginning of the month.

SunSirs agricultural product analyst believes that the demand for terminal feed is weakening, and the domestic DDGS market may continue to decline.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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