SunSirs: Poor Terminal Demand, China Domestic DDGS Market Weakens
June 15 2023 10:59:48 SunSirs (Selena)
According to monitoring data from SunSirs, China domestic DDGS market continues to weaken since June. On June 1st, the average market price of domestic DDGS was 2,620 RMB/ton, a decrease of 4.83% compared to the beginning of the month.
Since June, the demand for terminal aquatic feed has been poor, and the market DDGS market remains weak, with prices declining. The overall confidence of the alcohol factory in price support is insufficient, and the factory price continues to decline, with an average market price of 2,400-2,500 RMB/ton. The market situation is sluggish, with slow sales and average transactions.
SunSirs agricultural product analyst believes that with loose supply, domestic DDGS prices will continue to rise weakly in the future.
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