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SunSirs: Supported by Good Benefit, China Domestic DDGS Market Rises
July 20 2023 14:28:40SunSirs(Selena)

According to monitoring data from SunSirs, since July, the domestic DDGS market prices have been continuously rising. On July 18th, the average market price of domestic DDGS was 2,526 RMB/ton. On July 18th, the average market price of domestic DDGS was 2,825 RMB/ton, with a price increase of 11.81%.

Starting from July, the demand for terminal aquaculture feed has rebounded, the operating rate of domestic alcohol factories has decreased, the market supply is tightening, and the domestic DDGS market is continuously rising. The overall quotation of the alcohol factory has increased, with an average market price of 2,800-2,850 RMB/ton, an increase of nearly 12%.

SunSirs agricultural product analyst believes that with hot weather and low factory startup rates, the domestic DDGS market will continue to operate at a high level in the future.


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