SunSirs: Poor Terminal Demand, China's DDGS Market Continues to be Weak
December 10 2020 09:26:41 SunSirs (Linda)
According to SunSirs monitoring data, since December, the demand for terminal feed has been sluggish, the DDGS market has remained weak, and prices have continued to fall. As of December 9th, the average market price of DDGS was RMB 2,250/ton, which was 1.46% lower than the beginning of the month.
Poor terminal demand and weak DDGS market rise
Since December, although the price of raw corn continues to be strong, it has limited support for the DDGS market. Due to the poor market of the terminal pig and poultry industry, the demand for feed has declined, and the market for soybean meal has been average. Alcohol factories lowered domestic DDGS prices. The mainstream quotation has fallen to 2,250 yuan/ton, and the overall price drop is close to 2 points.
SunSirsDDGS analysts believe that the demand for terminal feed is not good, and alcohol plants are not confident about the price. The domestic DDGS may continue to drop in the market outlook.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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