India has seen a substantial increase in the export of DDGS (Distiller’s Dried Grains with Solubles), a byproduct of ethanol production, in recent years. However, despite this impressive growth, the industry is grappling with concerns about the ongoing decline in DDGS export prices. The rise in DDGS exports has made the product an essential component in the animal husbandry sector, providing a valuable source of protein and energy for livestock and poultry.
Data from the Grain Ethanol Manufacturers Association (GEMA) highlights a sharp increase in maize DDGS exports over the past three years. In 2022, exports of maize DDGS were just 30 metric tons (MT), but by 2023, this figure surged to 20,847 MT. In 2024, exports skyrocketed to 287,593 MT, marking a significant leap.
Rice DDGS exports also showed growth, rising from 12,064 MT in 2022 to 60,296 MT in 2024, although they remain smaller in volume compared to maize DDGS.
However, export prices for both maize and rice DDGS have been on the decline. The price of maize DDGS dropped from USD 239 per metric ton in 2022 to USD 220 per metric ton in 2024. Similarly, rice DDGS prices saw a sharper decline, falling from USD 435 per metric ton in 2022 to USD 324 per metric ton in 2024. This price drop is raising concerns within the industry, as it impacts profitability despite the growing export volumes.
Source: Chini Mandi
