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SunSirs: China Domestic DDGS Market Weakened in January 2023

January 28 2023 10:09:08     SunSirs (Selena)

According to the monitoring data of SunSirs, the demand for terminal aquatic feed has been flat since January, and the domestic DDGS market has continued to run in a weak position. On January 1, the average market price of domestic DDGS was 3,133 RMB/ton. On January 26, the average market price of domestic DDGS was 3,083 RMB/ton, down 1.6%.

After the New Year's Day, the rigid demand for terminal aquatic feed weakened, the market for substitute soybean meal fell, the market for raw material corn fell, and the domestic DDGS market was mainly weak. As the Spring Festival approaches, the enthusiasm of the feed factory to purchase DDGS declined, the market turnover declined, the willingness of the alcohol factory to ship goods was general, and the market situation was weak and stable.

SunSirs agricultural product analyst believes that the demand for terminal feed is poor, and China domestic DDGS market will still weaken in the future.

 

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

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