Price trend

According to the monitoring data of SunSirs, since June, the domestic DDGS market has fluctuated, and the mainstream quotation at the beginning of the month fell below 2,900 RMB/ton. In mid-June, the domestic DDGS market returned to an upward trend. On June 1, the average domestic DDGS market price was 2,916 RMB/ton. On the 14th, the average domestic DDGS market price was 2,906 RMB/ton, down 0.34%.

Analysis review

Under the support of demand, the domestic DDGS market continued to rise

Beginning in June, the domestic DDGS market continued to decline. After the Dragon Boat Festival, the domestic DDGS price fell to 2,880 RMB/ton, a drop of nearly 2%. Beginning in the second week, the price of alcohol factories was high, and the domestic DDGS market returned to the upward trend, rising 0.81% in a single day.

Market outlook

The agricultural product analyst of SunSirs believes that the demand of terminal aquatic feed has turned weak, and the negative situation is still there, and the domestic DDGS market will still be weak in the future.

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