Animal Feed Ingredient Market Information In China On May 08, 2021
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Feed Ingredient Price List on May 08, 2021 | ||||
Variety | Today AVG. Price(RMB) | Yesterday AVG. Price(RMB) | Growth | Unit |
Corn/Maize | 2824.41 | 2824.42 | -0.01 | RMB/MT |
Soybean Meal | 3590-3730 | 3590-3730 | +0.00 | RMB/MT |
Rapeseed Meal | 3000.00 | 3000.00 | +0.00 | RMB/MT |
Cotton Seed Meal | 3030.00 | 3030.00 | +0.00 | RMB/MT |
DDGS | 2448.50 | 2450.50 | -2.00 | RMB/MT |
Peruvian Steam Dried Fish Meal | 11400-11500 | 11400-11500 | +0.00 | RMB/MT |
Data Source: China Feedtrade Net Exchange Rate: 100USD=646.78RMB | ||||
Market Comments and Concern
DDGS
DDGS price went stable today. With the continuous rise in corn price, the production cost of DDGS kept increasing. Meanwhile, the demand on DDGS as replacement will be further increased due to the rise in corn and soybean meal price. As a result, the supply of domestic DDGS will be slightly tight in May and DDGS price will be slowly lifted. The monthly average price will be higher compared with the previous month.
Source: China Feedtrade Net
