SunSirs: Weak Consolidation of Domestic DDGS Market in November
November 29 2023 14:15:11 SunSirs (Selena)
According to monitoring data from SunSirs, the domestic DDGS market in November has slightly declined, with an overall weak oscillation. At the beginning of the month, the average market price of domestic DDGS was 2,380 RMB/ton. On November 28th, the average market price of domestic DDGS was 2,377 RMB/ton, with a price drop of 0.11%.
Since November, the demand for terminal aquatic feed has been flat, and upstream new season corn has been listed one after another, putting pressure on the domestic DDGS market. Due to the continuous decline in domestic DDGS prices, alcohol factories have mainly raised prices. Starting from mid month, the domestic DDGS market has gradually rebounded, with prices slightly rising. At the end of the month, terminal demand remained flat, and the domestic DDGS market slightly decreased.
SunSirs agricultural product analyst believes that in December, the performance of the terminal aquaculture industry remained poor, and the domestic DDGS market continued to rise weakly in the future, with weak declines being the main focus.
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