SunSirs: Poor Demand, Domestic DDGS Market Went Down
April 03 2023 10:33:00 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, at the end of March, the domestic DDGS market continued to be dominated by a weak decline. On March 27, the average market price of domestic DDGS was 2,843 RMB/ton. On March 31, the average market price of domestic DDGS was 2,810 RMB/ton, with a price decrease of 1.17%.
Analysis review
Poor terminal demand and domestic DDGS market was weak and downward
At the end of March, the demand for terminal aquatic feed remained flat, and the confidence of alcohol factories in price supporting was insufficient. The mainstream quotations of alcohol factories in Northeast China had mainly declined slightly, the market transactions were flat and shipment was general. Under the pressure of bad news, the domestic DDGS market continued to be weak and downward, with a weekly decline of over 1%.
Market outlook
Agricultural product analysts from SunSirs believe that the demand for terminal feed will rebound in April, and domestic DDGS is expected to hit a bottom and rebound in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-24 SunSirs: Negative News, China Domestic DDGS Market Weakens
- 2024-04-19 SunSirs: Negative Pressure, China Domestic DDGS Market is Weak and Falling
- 2024-04-07 SunSirs: China Domestic DDGS Market Rebounded, with an Increase of nearly 2% in the First Quarter of 2024
- 2024-03-27 SunSirs: China Domestic DDGS Market Rebounds in March
- 2024-03-21 SunSirs: Supported by Positive Factors, China Domestic DDGS Market Continues to Rise
