SunSirs: Favorable Support, China Domestic DDGS Market Rises
August 25 2022 13:46:49 SunSirs (Selena)
According to the monitoring data of SunSirs, the domestic DDGS market rose last week, the terminal demand improved, the substitute soybean meal market rose, and the domestic DDGS market recovered. On August 19, the average market price of domestic DDGS was 2,816 yuan / ton, and on August 24, the average market price of domestic DDGS was 2,846 yuan / ton, up 1.07%.
In late August, the rigid demand of terminal feed increased, the market of substitute soybean meal and rapeseed meal rose, and the profit came. The alcohol factory raised the price to sell, and the domestic DDGS market rose, with the price rising by more than 1%. Some manufacturers are in short supply of goods and do not offer for the time being. The market supply is tight and DDGS continues to rise.
SunSirs agricultural product analyst believes that the domestic DDGS market in China will remain high in the future due to multiple positive supports.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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