SunSirs: The Terminal Demand Was Sluggish, and the Domestic DDGS Market Fell
July 07 2022 09:17:22 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, since July, the terminal demand was not good, and the domestic DDGS market fell. On July 1, the average domestic DDGS market price was 2,873 RMB/ton, and on the 6th, the average domestic DDGS market price was 2,790 RMB/ton, down 2.9%.
Analysis review
The terminal demand was sluggish, the domestic DDGS market was down
Since July, the domestic DDGS market continued to weaken, and the market fell sharply. As of the 6th, the domestic DDGS price fell to 2,790 RMB/ton, a drop of nearly 3%. The main reason was that the demand of terminal aquatic feed was sluggish, the substitute soybean meal market was down, and the alcohol factory was not confident enough to support the price, and the market continued to decline.
Market outlook
The agricultural product analyst of SunSirs believes that the demand of terminal aquatic feed is not good, the negative situation is still there, and the domestic DDGS market will still run weakly in the market outlook.
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