SunSirs: Good News, China Domestic DDGS Market Surged
July 14 2023 13:57:48 SunSirs (Selena)
According to the market analysis system of SunSirs, on July 12th, the average market price of DDGS was 2,800 RMB/ton, with a daily increase of 4.58%.
On July 12th, the DDGS market surged, rising by over 10.82% compared to the beginning of the month. The main reason is that the market for DDGS substitute soybean meal has skyrocketed, leading to a tightening of its own supply. Alcohol factories have raised prices, leading to an increase in factory prices. The mainstream market quotation has risen to 2,850-2,900 RMB/ton, with a price increase of 100-150 RMB/ton. The rigid demand for terminal aquatic products is supported, with active market transactions and an increase in sales volume, resulting in a significant increase in the DDGS market.
SunSirs agricultural product analyst believes that supply is tightening and terminal demand is supporting. It is expected that there is still room for improvement in the future DDGS market.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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