According to monitoring data from SunSirs, after the National Day holiday, the domestic DDGS market has significantly declined, with prices falling by nearly 14%. On October 1st, the average market price of domestic DDGS was 2,785 RMB/ton. On October 18th, the average market price of domestic DDGS was 2,405 RMB/ton, with a price drop of 13.64%.

After National Day holiday, terminal aquaculture entered the off-season, with a decline in demand for DDGS. Coupled with the decline in the market for raw corn, domestic DDGS quotations from domestic alcohol factories have significantly declined, resulting in loose market supply and a continuous decline in the DDGS market. As of October 18th, the average market price of domestic DDGS is around 2,405 RMB/ton, and the price has decreased by about 300 RMB/ton.

SunSirs agricultural product analyst believes that with flat terminal demand and bearish pressures, the domestic DDGS market will continue to weaken in the future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

10.1-10.18