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Indian maize DDGS exports rose from 20,847 MT in 2023 to 287,593 MT in 2024, according to GEMA data. Rice DDGS exports grew to 60,296 MT in 2024.
Export prices fell over the same period, with maize DDGS down from $239 per MT in 2022 to $220 in 2024 and rice DDGS down from $435 to $324.
Rapidly growing Indian DDGS exports at falling prices signal increased competition in export markets, which pressures global DDGS price levels.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.