SunSirs: Terminal Demand Improved, DDGS Market Rebounded

https://www.chemnet.com   Apr 20,2023 SunSirs

According to monitoring data from SunSirs, starting from April 11th, the domestic DDGS market has rebounded and prices have slightly increased. On April 11th, the average market price of domestic DDGS was 2,770 RMB/ton. On April 18th, the average market price of domestic DDGS was 2,793 RMB/ton, with a price increase of 0.84%.

Analysis review

In mid April, the demand for terminal aquatic feed increased, and DDGS transactions in the market improved, leading to an upward trend in the market. The mainstream quotations were mostly from the Northeast region, with an average market price of 2,650-2,700 RMB/ton, and the overall market price had slightly increased.

Market outlook

Agricultural product analysts from SunSirs believe that the demand for terminal aquatic feed improved, and domestic DDGS will see a rise in the future market.

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