SunSirs: China Domestic DDGS Market Weakened before the Spring Festival
February 07 2024 10:37:53 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, the domestic DDGS market has continued to weaken since February. On February 1st, the average market price of domestic DDGS was 1,917 RMB/ton. On February 6th, the average market price of domestic DDGS was 1,912 RMB/ton, a decrease of 0.26%.
Starting from February, the domestic DDGS market continued to decline weakly. As the Spring Festival approaches, the demand for terminal feed has weakened, and the market for raw corn is not good. The domestic DDGS market continues to decline. The average market price fell to 1,800-1,900 RMB/ton, with a 0.26% decline in the market.
Agricultural product analysts from SunSirs believe that after the Spring Festival, there will still be bearish sentiment, and the domestic DDGS market will continue to be weak in the future.
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