Price trend

According to the monitoring data of SunSirs, since April, the domestic DDGS market has fallen weakly, and the mainstream price has fallen below the 2,800 RMB/ton mark. At the beginning of the month, the average domestic DDGS market price was 2,766 RMB/ton. As of April 20, the average domestic DDGS market price was 2,793 RMB/ton, down 2.35%.

Analysis review

Dominated by the bad factors, the domestic DDGS market continued to fall

Beginning in April, the soybean meal market fell, and the high price of domestic DDGS inhibited the transaction. The alcohol factory successively lowered the price of domestic DDGS, and the terminal feed factory was cautious in purchasing. The domestic DDGS market was weak and down, and the price dropped by about 100 RMB/ton. As of the 20th, the mainstream price of domestic DDGS fell to 2,700 RMB/ton, a drop of more than 2%. The DDGS market in some parts of the Northeast was relatively strong, and most areas fell as a whole.

On April 20, the DDGS quotations of some domestic manufacturers are as follows:

The DDGS price of Liaoyuan Jufeng Biochemical was 2,650 RMB/ton; the DDGS price of Heyang Alcohol was 2,650 RMB/ton; the DDGS price of Yingxuan Biochemical was 2,900 RMB/ton; the DDGS price of Jilin Dongfeng Biochemical was 2,750 RMB/ton.

Market outlook

The agricultural product analyst of SunSirs believes that the soybean meal market has declined, and it is expected that the domestic DDGS market will continue to decline in the future.

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