According to the monitoring data of SunSirs, since July, the terminal demand has decreased, and the domestic DDGS market has weakened. On July 1, the average domestic DDGS market price was 2,873 RMB/ton. On the 19th, the average domestic DDGS market price was 2,750 RMB/ton, down 4.29%.
Analysis review
The terminal demand was weak, and the domestic DDGS market continued to decline
Since July, the terminal demand has been weak, the domestic DDGS market has continued to decline, and the price has repeatedly hit new lows. As of the 19th, the price of domestic DDGS fell to 2,750 RMB/ton, a drop of more than 4%.
It is in the off-season of terminal aquatic feed demand, the terminal purchase volume is low, the quotation of alcohol factories has declined, and the market has continued to decline. The average domestic DDGS market price is 2,700 RMB/ton around.
Market outlook
The agricultural product analyst of SunSirs believes that: the terminal demand is not good, and under the influence of negative factors, the domestic DDGS market will still weaken in the market outlook.
