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SunSirs: Domestic DDGS Market Continued to Decline in May
May 26 2023 09:55:04SunSirs(John)

Price trend

According to monitoring data from SunSirs, after May Day, the domestic DDGS market weakened and prices continued to decline. At the beginning of the month, the average market price of domestic DDGS was 2,780 RMB/ton. On May 25th, the average market price of domestic DDGS was 2,726 RMB/ton, a decrease of 1.92% compared to the beginning of the month.

Under the pressure of bearish factors, the domestic DDGS market continued to decline in May

Since May, the demand for terminal aquatic feed remained average, the market DDGS market remained sluggish, and prices slightly declined. The overall confidence of alcohol factories in price support was insufficient, with an average market price of 2,600-2,700 RMB/ton, and the overall market trend was weakening.

In the middle of the month, domestic DDGS continued to decline weakly, with a relatively small decline. The mainstream quotation was still at 2,600 RMB/ton, and the overall trend was weakly consolidated. Market transactions were average, and the market was sluggish. At the end of the month, the domestic DDGS market continued to be sluggish, with mainstream quotation manufacturers still concentrated in the Northeast region, with quotations dropping to 2,500-2,700 RMB/ton. The supply and demand were weak, and the domestic DDGS market was weakly declining.

Market outlook

Urea fluctuated and fell slightly in the future. Agricultural product analysts from SunSirs believe that the rigid demand for terminal aquatic feed is poor, and domestic DDGS will continue to weaken in the future.

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