Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

 

Product Testing for Safety and Accuracy

 

Safety testing of ingestible cannabinoid products is essential to the long-term health of the industry.  In May, a Florida company recalled lead tainted product discovered through the Florida Department of Agriculture and Consumer Services (FDACS) newly instituted random testing of retail CBD products. Last week, FDACS announced that a number of other contaminated products were discovered by their efforts.  The contamination was said to be of “toxic waste” proportions, with up to 18ppb of lead, over 3 times that allowed.  Neither brands nor product types were included in the announcement, but the official in charge of Florida’s hemp program, Holly Bell, speculated that glass bottles and droppers – typically sourced from China – were suspect. …

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11.12.2024

Glycerin prices seen supported by declining biodiesel margins

Glycerin prices seen supported by declining biodiesel margins

Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....

11.12.2024

Animal fats and oils prices stable amid losses in vegoil markets

Animal fats and oils prices stable amid losses in vegoil markets

"I think the big drop in soybean oil had everyone take a pause,” one source said.

December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...

11.12.2024

Meat and bonemeal, bloodmeal higher on active demand

Meat and bonemeal, bloodmeal higher on active demand

Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.

Porcine meat and bonemeal prices were steady to higher according to sources...

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