SunSirs: Under the Dominance of Negative Factors, the Domestic DDGS Market Fell
June 09 2022 15:20:02 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, since the end of May, the domestic DDGS market has declined weakly, and the mainstream quotation has fallen below 2,900 RMB/ton. On May 25, the average domestic DDGS market price was 2,940 RMB/ton. On June 8, the average domestic DDGS market price was 2,883 RMB/ton, down 1.93%.
Analysis review
Since the end of May, the demand for terminal aquatic feed gradually turned weak, the market transactions were average, and the alcohol factories were not confident enough to support the price, so they lowered the ex-factory price of DDGS one after another. The domestic DDGS market fell weakly, falling to 2,900 RMB/ton, a drop of more than 1%.
Beginning in June, the domestic DDGS market continued to decline. After the Dragon Boat Festival, the domestic DDGS price fell to 2,880 RMB/ton, a drop of nearly 2%.
Market outlook
The agricultural product analyst of SunSirs believes that: the demand for terminal aquatic feed has turned weak, and under the negative pressure, the domestic DDGS market will still be downward weakly in the future.
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