SunSirs: Terminal Demand Improves and China Domestic DDGS Market Rises
August 17 2022 10:46:21 SunSirs (Selena)
According to the monitoring data of SunSirs, since August, the terminal demand has warmed up, the supply has tightened, and the domestic DDGS market has been rising. On August 1, the average market price of domestic DDGS was 2,743 RMB/ ton, and on August 16, the average market price of domestic DDGS was 2,816 RMB/ ton, up 2.67%.
Since August, the weather has been hot, and some domestic alcohol plants have stopped for maintenance. The supply of domestic DDGS is tight, and the price has increased gradually. Coupled with the rigid demand for aquaculture feed, the market of substitute soybean meal and rapeseed meal is strong, which supports the recovery of domestic DDGS market. The alcohol factory is full of confidence in supporting the price, and the domestic DDGS market keeps rising. As of August 16, the average market price of China domestic DDGS was 2,816 RMB/ ton, up 2.67% from the beginning of August.
SunSirs agricultural product analyst believes that China domestic DDGS market will remain strong in the future, as the terminal demand improves and the manufacturers support the price.
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