DDGS Price to Go Down With Soymeal Price Down

By CnAgri2013-08-02 15:05:40 Print DDGS：On July 31st, 2013, the average wholesale price of DDGS in main production areas is RMB2,385Yuan/MT, down 0.37% compared with last week. Good weather condition in US is good for corn growth, which causes corn futures price to decline to a low point. With operating rate of around 36% of domestic alcohol manufacturers, DDGS supply is tight, restraining price decline. It is predicted domestic DDGS price shall go down slowly but with small pace with price decline of soymeal in the surrounding. (Table 2)


From “China Livestock and Feed Market Weekly Report”