SunSirs: Stable Supply and Demand, China Domestic DDGS Market is Rising
November 23 2023 14:16:08 SunSirs (Selena)
ccording to monitoring data from SunSirs, the domestic DDGS market has rebounded since November, with prices rising by 0.63%. On November 1st, the average market price of domestic DDGS was 2,380 RMB/ton. On November 21st, the average market price of domestic DDGS was 2,395 RMB/ton, with a price increase of 0.63%.
Starting from November, the domestic DDGS market has seen an upward trend and prices have slightly increased. The terminal demand is relatively stable, and alcohol factories have full confidence in pricing. The market buying and selling atmosphere has increased, and the domestic DDGS market has gradually improved. The price has rebounded, and the mainstream price has increased by about 50 RMB/ton.
SunSirs agricultural product analyst believes that there is still room for improvement in the domestic DDGS market in the future, as terminal demand stabilizes and gains support.
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