According to monitoring data from SunSirs, in September, the domestic DDGS market oscillated and fell by over 9%. At the beginning of the month, the average market price of domestic DDGS was 3,075 RMB/ton. On September 26th, the average market price of domestic DDGS was 2,785 RMB/ton, a decrease of 9.43%.

After September, the off-season for terminal aquaculture consumption has arrived, and the demand for DDGS has weakened. In addition, the market for raw corn has declined, and domestic alcohol factories have lowered the price of domestic DDGS. As a result, the market supply exceeds demand, and the DDGS market continues to decline. The overall quotation of the alcohol factory has decreased, with an average market price of around 2,800 RMB/ton and a price drop of around 150 RMB/ton.

After the middle of the month, the demand for terminal aquatic feed continued to be flat, and the supply of alcohol factories was loose. Multiple negative factors weighed down, and domestic DDGS continued to decline, falling below 2,800 RMB/ton. Throughout September, the domestic DDGS market fell by nearly 10%.

SunSirs agricultural product analysts believe that after the Double Festival, domestic DDGS terminal demand will continue to decline, and the domestic DDGS market may continue to decline in the future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.