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SunSirs: Terminal Demand Declines, China Domestic DDGS Market Declines
November 10 2022 10:33:28SunSirs(Selena)

According to the monitoring data of SunSirs, since November, the terminal demand has weakened, and the domestic DDGS market has continued to weaken, with a decline of nearly 2%. As of November 8, the average price of domestic DDGS market was 3,216 RMB/ ton, with a drop of 1.78%.

Since November, the rigid demand for terminal aquatic feed has weakened, the supply of substitute soybean meal is tight, the feed plants are short of raw materials, and they have been shut down in succession. The operating rate of alcohol plants has increased. The domestic DDGS quotation has been weak and declined, and the market has declined. The mainstream quotation has fallen to the front line of 3,200 RMB/ ton.

SunSirs agricultural product analyst believes that: terminal demand is declining, and the market of China domestic DDGS will still be weak in the future.


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