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Brazil's corn ethanol industry, through the Unem association and Apex-Brasil, is promoting DDG as an export product. Brazil DDG export revenue rose to US$181 million in 2023 from US$91 million in 2022, with Vietnam taking 43% of volumes.
Growing Brazilian DDG supply adds competition for US and other origins in Asian feed markets, a modestly bearish factor for DDGS prices.
datamarnews.comGabriel MalheirosMar 25, 2024Not 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.
