SunSirs: Agriculture, DDGS Price Keeps Stable After New Year’s Day
January 10 2020 13:39:43 SunSirs (Daisy)
1. Price Trend
According to data from SunSirs, since January, the performance of DDGS has been average, and the price has remained stable. Up to January 10, the average market price continued to be 1,750 RMB / ton, which was unchanged from the beginning of the month.
2. Market Analysis
Products: After New Year's Day, DDGS still continues to be weak. Prices volatility is relatively small. Market purchases and sales are relatively deserted. Near the Spring Festival, the terminal farming industry is concentrated. The demand for feed continues to be sluggish. Aquaculture is still entering the cold winter. Its rigid demand is flat, and alcohol plants’ willingness to increase price is low. Therefore, the mainstream DDGS quotes continue at 1,700-1,800 RMB / ton, and the market continues to be stable.
Raw Material Corn: After the New Year's Day, the Northeast production area was affected by snowfall, and the purchase and sales were not busy. In addition, the Spring Festival is approaching, the sales main body is willing to ship, and the company's stocking is general. DDGS prices are mainly weak and stable.
3. Market Forecasting
SunSirs DDGS analysts believe that terminal demand is sluggish, and DDGS market will continue to weaken in the short term, with little room for growth.
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