DDGS Price to Go Down

By CnAgri2013-02-22 10:39:40 Print DDGS：On Feb. 20th, 2013, the average wholesale price of DDGS in main production areas is RMB2,290Yuan/MT, down 0.38% compared with days before Spring Festival. As mentioned in a report by a famous foreign institution, China government would temporarily allow DDGS imports by unregistered ethanol plants in the six months from January 1, 2013. Though this message needs further confirmation, registered DDGS outer disk sees obvious drop, affected by this rumor.  In addition, spot price fall of domestic soybean meal also bring bearish news to domestic DDGS market and the price may go further down. (Table 3)

 

From"China livestock&Feed Weekly Report"