SunSirs: Terminal Demand has Fallen, and China's DDGS Market has Fallen Sharply
November 11 2020 09:07:14 SunSirs (Linda)
According to SunSirs monitoring data, DDGS was supported by raw corn in October, and the price rose all the way, rising 6.51% overall. Entering November, the bullish factors have been digested by the market, the DDGS market began to fall, and prices fell sharply. As of November 10, the average market price of DDGS was 2,293 yuan/ton, which was 4.44% lower than the beginning of the month.
The demand for terminal feed declines, and the DDGS market begins to decline
Since October, the new season corn has been on the market one after another, and the price has continued to rise. Driven by the high price of corn, alcohol plants have raised prices, and DDGS has been rising. Beginning in November, the market has gradually accepted the surge in corn prices. Terminal pork prices have fallen, pig stocks have increased, and feed demand has continued to decline. The DDGS market has insufficient momentum to rise and continues to fall, and prices continue to fall. As of November 10, the price has fallen to 2,200 yuan/ton.
The DDGS analyst of the business agency believes that the demand for terminal feed is sluggish, and the price of domestic DDGS has entered a downward channel, and the market outlook is still under pressure.
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