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SunSirs: China Domestic DDGS Market Declined in December 2022
December 29 2022 11:23:06SunSirs(Selena)

According to the monitoring data of SunSirs, since December, terminal demand has been poor, and the domestic DDGS market has continued to decline in a weak way. On December 1, the average market price of domestic DDGS was 3,216 RMB/ton. On December 27, the average market price of domestic DDGS was 3,136 RMB/ton, down 2.49%.

Since December, the rigid demand for terminal aquatic feed has weakened, the market for substitute soybean meal has declined, the market for raw corn has fallen ceaselessly, the alcohol factory has insufficient confidence in price support, the market transaction has been flat, and multiple negative effects have depressed. The domestic DDGS market has continued to decline weakly, with the price falling below 3,100 RMB/ton, a decline of more than 2%.

SunSirs agricultural product analyst of the business cooperative, believes that the terminal rigid demand is not good, and the domestic DDGS market is weak and falling.

 

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