SunSirs: Demand Was Flat, and Domestic DDGS Market Continued to Decline
April 07 2023 10:39:05 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, in early April, the domestic DDGS market continued to decline weakly. On April 1st, the average market price of domestic DDGS was 2,810 RMB/ton. On April 5th, the average market price of domestic DDGS was 2,803 RMB/ton, with a price drop of 0.24%.
Terminal demand was flat, domestic DDGS market weakened
At the beginning of April, the demand for terminal aquatic feed had not yet fully recovered, and the market for DDGS purchases and sales was relatively scarce, transactions were limited and the market conditions was weak overall. The mainstream quotations were mostly from the Northeast region, with an average market price of 2,500 to 2,650 RMB/ton. Some alcohol factories still offered high prices, and the overall market situation was still weak and stable.
Market outlook
Agricultural product analysts from SunSirs believe that the demand for terminal feed is gradually recovering, and domestic DDGS is expected to stop the decline and rise in the future.
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