For the Quarter Ending March 2026
Rice-Based DDGS Prices in North America
- In the United States, the Rice-Based DDGS Price Index rose quarter-over-quarter in Q1 2026, driven by elevated production costs.
- During March 2026, the Consumer Price Index rose 3.3% year-over-year, while the Producer Price Index increased 4.0%.
- The Manufacturing Index expanded in March 2026, alongside a modest 0.7% year-over-year increase in industrial production.
- Retail sales grew 4.0% year-over-year in March 2026, while the unemployment rate remained stable at 4.3%.
- Pork production strengthened in January 2026, which boosted Rice-Based DDGS demand, while cattle herd inventory contracted simultaneously.
- Domestic rice production declined in January 2026, and long-grain rice imports dropped in February 2026, which constrained feedstock.
- Natural gas storage plummeted in January 2026, which drove an upward Rice-Based DDGS Production Cost Trend.
- The Rice-Based DDGS Price Forecast reflected upward pressure throughout Q1 2026 due to tightened rough rice inventories.
- Consumer confidence reached 91.8 in March 2026, which supported a stable Rice-Based DDGS Demand Outlook.
Why did the price of Rice-Based DDGS change in March 2026 in North America?
- The Producer Price Index rose 4.0% in March 2026, which reflected elevated processing and energy costs.
- Domestic rice production declined in January 2026, which directly limited feedstock availability for co-product manufacturing.
- Natural gas storage plummeted in January 2026, which significantly increased energy costs for drying processes.
Rice-Based DDGS Prices in APAC
- In China, the Rice-Based DDGS Price Index rose quarter-over-quarter in Q1 2026, driven by surging feed demand.
- A mild Consumer Price Index increase of 1.0% in March 2026 supported steady profitability for livestock producers.
- The Producer Price Index grew 0.5% in March 2026, elevating the Rice-Based DDGS Production Cost Trend.
- The Manufacturing Index expanded in March 2026, indicating robust operational rates at commercial feed milling facilities.
- Industrial production grew 5.7% in March 2026, increasing bio-ethanol sector activity and Rice-Based DDGS supply availability.
- Retail sales grew 1.7%, and unemployment reached 5.4% in March 2026, reflecting softer consumer discretionary spending.
- Swine feed production surged in February 2026, strengthening the Rice-Based DDGS Demand Outlook for protein meals.
- The Rice-Based DDGS Price Forecast formulated in March 2026 indicated stable pricing amid ample domestic supply.
Why did the price of Rice-Based DDGS change in March 2026 in APAC?
- Swine feed production surged in February 2026, significantly boosting demand for protein feed inputs.
- The Producer Price Index rose 0.5% in March 2026, increasing operational and processing costs.
- Industrial production grew 5.7% in March 2026, expanding bio-ethanol activity and domestic supply availability.
Rice-Based DDGS Prices in Europe
- In Germany, the Rice-Based DDGS Price Index rose quarter-over-quarter in Q1 2026, driven by higher inflation.
- The Rice-Based DDGS Production Cost Trend increased as inflation reached 2.7% in March 2026, raising expenses.
- The Rice-Based DDGS Price Forecast stabilized after producer prices declined -0.2% in March 2026, easing pressures.
- The Manufacturing Index expanded in March 2026, which increased ethanol production and boosted domestic Rice-Based DDGS availability.
- The Rice-Based DDGS Demand Outlook remained steady as industrial production recorded 0.0% growth in February 2026.
- Retail sales grew 0.7%, and unemployment stayed at 4.2% in February 2026, which sustained meat feed consumption.
- Consumer confidence dropped to -24.7 in March 2026, which shifted protein demand toward poultry and swine feed.
- German adoption of imported DDGS strengthened in January 2026, driven by robust animal feed protein demand.
Why did the price of Rice-Based DDGS change in March 2026 in Europe?
- Global rice feedstock export costs strengthened in February 2026 and drove up material production costs.
- German reliance on imported DDGS remained elevated in January 2026 amid constrained domestic product supply.
- Inflation reached 2.7% in March 2026, and increased drying and transportation costs for feed producers.
For the Quarter Ending December 2025
Rice-Based DDGS Prices in APAC
- In China, the Rice-Based DDGS Price Index fell quarter-over-quarter in Q4 2025, driven by deflationary pressures and subdued consumer demand.
- Despite a low 0.8% year-on-year CPI in December 2025, China's livestock sector recorded steady growth in 2025, bolstering animal feed demand.
- Pork production surged in Q4 2025 due to accelerated slaughtering activities, providing some support for Rice-Based DDGS demand.
- Overall household consumer demand remained subdued in Q4 2025, with retail sales growing only 0.9% year-on-year in December 2025.
- Industrial production increased by 5.2% year-on-year in December 2025, indicating robust economic activity supporting feed demand.
- The Manufacturing Index expanded in December 2025, suggesting broader economic growth despite a 5.1% unemployment rate in December 2025.
- Rice production increased in 2025, ensuring an ample supply of the primary feedstock for Rice-Based DDGS.
- The Producer Price Index declined by 1.9% year-on-year in December 2025, reflecting broader deflationary pressures on producer input costs.
Why did the price of Rice-Based DDGS change in December 2025 in APAC?
- Subdued household consumer demand in Q4 2025, with retail sales growing 0.9% year-on-year in December.
- Producer Price Index declined 1.9% year-on-year in December 2025, reflecting broader deflationary pressures.
- Increased DDGS supply, including corn-derived imports from Brazil in November 2025, added pressure.
Rice-Based DDGS Prices in North America
- In the United States, the Rice-Based DDGS Price Index rose quarter-over-quarter in Q4 2025, driven by robust consumer demand and increasing production costs.
- The Rice-Based DDGS Price Forecast indicates continued upward pressure due to sustained demand and tightening feedstock supply in early 2026.
- Rice-Based DDGS Production Cost Trend increased in December 2025, as CPI rose 2.7% and PPI climbed 3.3% year-over-year.
- Rice-Based DDGS Demand Outlook remained strong in Q4 2025, supported by 3.9% retail sales growth in December 2025.
- Industrial production grew 2.0% year-over-year in December 2025, bolstering economic activity and animal product consumption.
- A 4.4% unemployment rate in December 2025 indicated strong consumer purchasing power, supporting animal feed demand.
- Global rice prices trended downward throughout 2025, but U.S. long-grain rice was priced higher in October 2025.
- All-rice ending stocks for the 2025/26 marketing year were reduced in December 2025, tightening future feedstock availability.
Why did the price of Rice-Based DDGS change in December 2025 in North America?
- Rising CPI (2.7%) and PPI (3.3%) in December 2025 increased production costs, impacting supply.
- Robust consumer demand, with 3.9% retail sales growth in December 2025, boosted animal feed demand.
- Reduced all-rice ending stocks in December 2025 tightened feedstock supply, affecting availability.
Rice-Based DDGS Prices in Europe
- In Germany, the Rice-Based DDGS Price Index fell quarter-over-quarter in Q4 2025, driven by plummeting feedstock costs.
- Global broken rice feedstock prices plummeted in Q4 2025, significantly lowering input costs for manufacturers.
- The Producer Price Index declined 2.5% in December 2025, reinforcing downward pressure on industrial commodity valuations.
- Pig feed production volumes contracted in December 2025, reducing demand for Rice-Based DDGS in the livestock sector.
- Retail sales rose 1.1% in November 2025, sustaining baseline consumption of poultry and pork products.
- Asian rice import offers into Europe weakened in December 2025, adding competitive pressure to domestic pricing.
- Industrial production grew 1.3% in November 2025, ensuring consistent supply chain flows for ethanol byproducts.
- Unemployment remained at 3.8% in December 2025, sustaining household income for essential protein purchases.
- Consumer inflation stabilized at 1.8% in December 2025, maintaining purchasing power for end-market animal products.
Why did the price of Rice-Based DDGS change in December 2025 in Europe?
- Global broken rice feedstock prices plummeted in Q4 2025, reducing the primary cost component.
- Pig feed production demand contracted in December 2025, creating an oversupply of feed additives.
- Asian rice import offers weakened in December 2025, forcing domestic sellers to adjust pricing downward.
For the Quarter Ending September 2025
Rice-Based DDGS Prices in North America
- In the United States, the Rice-based DDGS Price Index fell quarter-over-quarter in Q3 2025, due to declining rice feedstock costs and weakening livestock production.
- Rice-based DDGS production costs saw downward pressure from falling rice feedstock costs in Q3 2025.
- Demand faced mixed signals; retail sales increased 5.42% in September 2025, but consumer confidence declined to 94.2.
- The demand outlook was tempered by contracting beef and weakening pork production during Q3 2025.
- U.S. rice ending stocks increased significantly in Q3 2025, reaching multi-decade highs, impacting feedstock availability.
- Inflationary pressures, with CPI rising 3.0% in September 2025, contributed to higher operational expenses.
- Producer Price Index increased 2.6% in August 2025, indicating rising input costs for Rice-based DDGS producers.
- The unemployment rate of 4.3% in September 2025 suggested a moderate labor market, impacting consumer spending.
Why did the price of Rice-based DDGS change in September 2025 in North America?
- Declining rice feedstock costs in Q3 2025 provided downward pressure on production expenses.
- Weakening pork and contracting beef production in Q3 2025 tempered overall demand for animal feed.
- Increased U.S. rice ending stocks in Q3 2025 contributed to greater feedstock availability.
Rice-Based DDGS Prices in APAC
- In China, the Rice-based DDGS Price Index fell quarter-over-quarter in Q3 2025, due to declining feedstock costs and weak consumer confidence.
- Rice-based DDGS production costs decreased in Q3 2025, with PPI falling 2.3% year-over-year in September 2025.
- Demand outlook was mixed; animal feed strengthened, but consumer confidence was 89.6 in September 2025.
- China's CPI decreased by 0.3% year-over-year in September 2025, signaling weak consumer demand.
- The unemployment rate was 5.2% in September 2025, indicating a stable, not booming, labor market.
- Despite a contracting Manufacturing Index in September 2025, industrial production increased by 6.5% year-over-year.
- Retail sales increased by 3.0% year-over-year in September 2025, supporting animal product consumption.
- Ample supply was indicated by recovering world rice stocks and increased early rice output in 2025.
- Increased ethanol production in China in 2025 suggests a corresponding rise in DDGS availability and imports.
Why did the price of Rice-based DDGS change in September 2025 in APAC?
- China's PPI decreased 2.3% year-over-year in September 2025, contributing to lower DDGS production costs.
- China's CPI decreased 0.3% year-over-year in September 2025, signaling weak consumer demand.
- Ample world rice stocks and increased early rice output ensured a robust feedstock supply.
Rice-Based DDGS Prices in Europe
- In Germany, the Rice-based DDGS Price Index fell quarter-over-quarter in Q3 2025, driven by weakening feedstock costs and ample supply.
- Production costs for Rice-based DDGS decreased due to a 1.7% decline in producer prices in September 2025.
- Global rice feedstock prices weakened in September 2025, contributing to lower input costs for DDGS production.
- The Manufacturing Index contracted in Q3 2025, indicating a slowdown in overall economic activity impacting demand.
- Industrial production declined by 1.0% in September 2025, suggesting reduced economic strength and consumer spending.
- Consumer Price Index rose 2.4% in September 2025, indicating rising input costs for animal feed production.
- Global rice production and ending stocks were projected to reach record highs for the 2025-2026 season.
- European natural gas prices declined in July and August 2025, stabilizing in September, easing energy costs.
- EU cereal import volumes are anticipated to decline for the 2025/26 season, reflecting increased domestic supply.
Why did the price of Rice-based DDGS change in September 2025 in Europe?
- Lower producer prices, down 1.7% in September 2025, reduced overall production costs.
- Weakening global rice feedstock prices in September 2025 directly lowered input expenses.
- Ample global rice supply and rising ending stocks exerted downward pressure on prices.
