Europe has emerged as one of the strongest global markets for cannabinoids sourced from hemp, worth $489,000 USD. European consumers are increasingly using CBD regularly, but cannabinoid production and extraction there differs from the US. The EU has placed CBD in the “novel foods” category, compelling manufacturers to apply for approval to sell a range of products. As with the US, where states have varying approaches to regulation and…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...