09.29.2023
Vegetable Oils & Animal Fat Prices Post Week on Week Drop
The market was fairly quiet today with traded volume slowing, but trading still done at lower levels. Gulf BFT traded down to 66 cts/lb delivered late yesterday. Ample nearby...
Last Week’s Hemp Commentary
Hempseed a Boon to Aquaculture?
Hempseed has long been known to contain a robust fatty acid profile, with Omega-3 and Omega-6 fatty acids occurring in levels that exceed common fish-derived supplements. This trend fueled considerable exports to S. Korea from Canada.
Exports to S. Korea exceeded 4000 metric tons (mt) in 2016 and fell by 84% in 2017 as Korea pivoted to China for low-cost hempseed requiring less transport than hempseed sourced from North America.
The high levels of Polyunsaturated Fatty Acids (PUFA) in hempseed afford considerable benefit to livestock. Soybean oil is a common ingredient in livestock diets.