SunSirs: Supply Was Tight, DDGS Prices Rose
March 07 2022 10:24:52 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the domestic DDGS market continued to rise this week, and the mainstream quotation exceeded 2,700 RMB/ton. At the beginning of the week, the average domestic DDGS market price was 2,683 RMB/ton, and the average domestic DDGS market price at the weekend was 2,733 RMB/ton, up 1.86%.
Analysis review
This week, the domestic DDGS market continued to run at a high level, and the price continued to rise. The price of the substitute soybean meal remained high, the feed market of feed manufacturers rose sharply, and the alcohol factory was full of confidence in the price. In addition to the tight supply, the domestic DDGS market continued to rise. The mainstream quotation was 2,600-2,700 RMB/ton, and the price rose by 100 RMB/ton.
Market outlook
The agricultural product analyst of SunSirs believes that: under the support of soybean meal prices, the market outlook for DDGS will remain high.
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