SunSirs: Sluggish Terminal Demand, China Domestic DDGS Declined
December 15 2022 14:00:26     SunSirs (Selena)According to the monitoring of SunSirs: since December, the demand for terminal feed was poor, and the domestic DDGS market continued to decline in a weak way. At the beginning of the month, the price of domestic DDGS was 3,216 RMB/ton. On December 13, the average market price of domestic DDGS was 3,190 RMB/ton, down 0.83% overall.
Since December, the terminal aquatic feed industry has entered the off-season, with sluggish demand, insufficient confidence in the price support of the alcohol factory, and the domestic DDGS market price has continued to weaken. The price has continued to decline in a weak way, mainly due to a moderate decline. The market transaction is average, and the goods are flat.
SunSirs agricultural product analyst believes that: terminal demand remains weak, and in the short term, the domestic DDGS market will remain weak.
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