According to the monitoring data of SunSirs, the domestic DDGS market continued to rise sharply since mid-February. As of February 22, the average market price of domestic DDGS was 2,483 RMB/ton, up 5.67% from the beginning of the month.
Analysis review
Stimulated by the surge in soybean meal, the domestic DDGS market heated upAfter the Spring Festival, the soybean meal market has been soaring, and the mainstream price has reached 4,300 RMB/ton. Stimulated by the sharp rise in soybean meal, alcohol factories were confident in their prices, and they have raised the quotations of domestic DDGS. The mainstream quotation of DDGS has reached 2,400-2,500 RMB/ton, and the quotation has risen by about 100 RMB/ton. Some alcohol factories in Jilin even had daily limit quotations, and the domestic DDGS rose by more than 5% as a whole.
Market outlook
The agricultural product analyst of SunSirs believes that under the support of the soybean meal market, the domestic DDGS market will remain strong.
