SunSirs: Terminal Demand Was Poor, DDGS Market Weakened
June 22 2022 16:25:37 SunSirs (John)Price trend
According to the monitoring data of SunSirs, since mid-June, the terminal demand has been sluggish, and the domestic DDGS market has weakened. On June 1, the average market price of domestic DDGS was 2,906 RMB/ton. On the 22nd, the average domestic DDGS market price was 2,890 RMB/ton, down 0.57%.
Analysis review
Since mid-June, the domestic DDGS market has continued to weaken, mainly because the terminal aquatic feed has entered the off-season, the demand has turned weak, and the alcohol factories are not confident enough to support the price, so they have lowered the domestic DDGS market one after another. The mainstream quotation of domestic DDGS fell below 2,900 yuan / ton, a drop of more than 0.5%.
Market outlook
The agricultural product analyst of SunSirs believes that the terminal aquatic feed is in the off-season, and under the negative pressure, the domestic DDGS market will still weaken in the future
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