SunSirs: The Terminal Demand Is Improving, and the Domestic DDGS Market Is Rising
May 20 2022 15:34:28 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, after the May Day, the terminal demand is improving, and the domestic DDGS market is rising steadily. At the beginning of the month, the average market price of domestic DDGS was 2,766 RMB/ton. On the 19th, the average market price of domestic DDGS was 2,823 RMB/ton, up 2.05%.
Analysis review
After the May Day, the rigid demand of aquatic feed terminals has increased, coupled with the improvement of the substitute soybean meal market, the price of alcohol plants mainly support the high price, the domestic DDGS market has ushered in a rising market, and the price has continued to rise. Bullish support, the average domestic DDGS market price exceeded 2,800 RMB/ton, an increase of more than 2%.
Market outlook
The agricultural product analyst of SunSirs believes that: supported by terminal demand, the domestic DDGS market is expected to continue to rise.
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