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SunSirs: China Domestic DDGS Market Rose in 2022
January 19 2023 10:58:11SunSirs(Selena)

According to the data monitoring of SunSirs, the domestic DDGS market in 2022 will perform strongly, with the highest price of 3243 RMB/ton and the lowest price of 2,350 RMB/ton, with an overall increase of more than 33%. At the beginning of the year, the average market price of domestic DDGS was 2,350 RMB/ton. On December 31, the average market price of domestic DDGS was 3,133 RMB/ton, up 33.33%.

In 2022, the price of terminal pigs will rise 9.38% in the whole year. The terminal market will support the rise of domestic DDGS. The market of raw corn rose, and domestic DDGS was supported, with the price rising 33.33%.

In 2022, the domestic DDGS market will rise more or fall less, rising in 6 months, falling in 5 months and rising in 6 months. It was flat in January; February saw the largest increase, up 14.18%; The largest decline occurred in July, down 4.52%. Throughout 2022, domestic DDGS rose mostly. In the first quarter, the domestic DDGS market rose sharply. In April, the domestic DDGS market rebounded. In May, DDGS returned to the rising trend. It began to fall for two consecutive months in June, rose for three consecutive months in August, and fell mainly in November and December.

The domestic DDGS market in 2022 can be roughly divided into four stages: the first stage: the oscillation period, from January to March; The second stage: broad oscillation period, April to July; The third stage: fast rising period, from August to October; The fourth stage: oscillation downward period, November to December.

According to SunSirs agricultural product analysts, the domestic DDGS market in 2022 will perform brilliantly, and the overall situation is fluctuating and rising, mainly driven by the soybean meal market, and the supply of alcohol factories is tightening. In 2023, the boom of the terminal feed industry is general, the demand is poor, and the rise of domestic DDGS is weak, or it will be difficult to replicate the rise of domestic DDGS in 2022, mainly oscillating decline.

 

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