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SunSirs: Supply is Tight, China Domestic DDGS Market is Rising
October 21 2022 10:09:47SunSirs(Selena)

According to the monitoring data of SunSirs, after the National Day holiday, the supply became tighter, and the domestic DDGS market continued to rise by more than 3%. As of October 20, the average market price of domestic DDGS was 3,300 RMB/ ton, with a rise of 3.12%.

After the National Day holidays, the shutdown and maintenance of some alcohol plants have not been started yet. The rigid demand for terminal feed is supported, the supply of goods in the market is tightening, and the alcohol plants are full of confidence in pricing. The domestic DDGS market continues to rise, with the mainstream quotation rising to 3,300 RMB/ ton, an increase of more than 3%.

SunSirs agricultural product analyst believes that the terminal rigid demand is still there, the substitute soybean meal remains high, and China domestic DDGS market remains strong in the future.


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