The 2023 National Hemp Report was released Wednesday April 17 by the USDA’s National Agricultural Statistics Service (NASS). The report estimates industrial hemp production value at $291 million, a 22 percent increase over 2022.
Floral hemp production increased 18% over 2022, from 6.78 million lbs. to 8.03 million lbs. Total area for floral production increased by 4% in 2023. Fastmarkets believes that THCA flower markets helped to drive production increases last year and expects marginal increases again in 2024 based on current demand.
Click here to learn more and sign up for a free 7-day trial!
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...