Last week, domestic DDGS prices ushered in an upward trend. At the beginning of the week, the average market price of domestic DDGS was RMB 2,510/ton, and the average price of domestic DDGS at the weekend was RMB 2,566/ton, an increase of 2.26%.
Terminal demand picks up, domestic DDGS market heats up
Since August, the domestic DDGS market has gradually improved. Due to the low inventory of the terminal feed factory, the purchasing demand has increased. Coupled with the shutdown of some alcohol plants for maintenance and tight supply, the domestic DDGS market continues to rise. This week, the Mid-Autumn Festival and National Day are approaching. Feed mills start stocking before the holiday. The domestic DDGS market continues to rise. The market price is close to 2600 yuan/ton, an increase of more than 2%.
On August 20, Heyang Alcohol DDGS price was 2600 yuan/ton; Weifang Ensign DDGS price was 2550 yuan/ton; Dongfeng DDGS price was 2550 yuan/ton.
Supported by rigid demand for terminal feeds, domestic DDGS market outlook will remain firm.
