SunSirs: The Bearish Situation has been Exhausted, China Domestic DDGS Market has Rebounded
November 09 2023 14:33:11 SunSirs (Selena)
According to monitoring data from SunSirs, since November, the domestic DDGS market has rebounded, with prices rising by 0.11%. On November 1st, the average market price of domestic DDGS was 2,380 RMB/ton. On November 8th, the average market price of domestic DDGS was 2,382 RMB/ton, with a price increase of 0.11%.
Starting from November, the off-season demand for terminal aquaculture has been accepted by the market. In the early stage, domestic DDGS has been continuously declining, and domestic alcohol factories have a strong mentality of overpricing domestic DDGS. The domestic DDGS market has gradually improved. As of November 8th, the average market price of domestic DDGS is around 2,382 RMB/ton, with a slight increase in price.
SunSirs agricultural product analyst believes that with flat terminal demand and the listing of raw corn, the domestic DDGS market will still weaken in the future.
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