DDGS Price To See Both Increase and Decrease
By CnAgri2013-08-09 11:23:56
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DDGS:On Aug 7th, 2013, the average wholesale price of DDGS in main production areas is RMB2,364Yuan/MT, down 0.89% compared with last week. In August, U.S. fuel ethanol enterprises will make seasonal maintenance. In US disk, DDGS quotation trend was stronger than corn. On the one hand, price increase of domestic rapeseed meal promoted demand for DDGS. On the other hand, however, price decline of soymeal pressed DDGS market. Therefore, it is predicted domestic DDGS price shall run within ranges and see both increase and decrease but with limited space. (Table 2)
From “China Livestock and Feed Market Weekly Report”
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