U.S. hempseed imports declined from 2022 to 2023 by 12.6%. More precipitous declines from 2023 to 2024 depicted in the chart below do not reflect second half figures; data for 2024 is complete through June.
Declines in imports have been at least partially offset by an increase in domestic hempseed production. The National Hemp Report noted a reduction in hempseed acreage in 2023 but a considerable jump in yields – reportedly by 72.3%.
This massive increase in reported yields is more likely a data issue rather than being reflective of yield increases. The industry has rapidly grown, and information is becoming…
11.08.2024
CA LCFS credit bank hits record high as biobased diesel consumption rises
California’s Low Carbon Fuel Standard (LCFS) credit bank reached an all-time high of 29.19 million at the end of the second quarter 2024, according to data released by California’s...
11.08.2024
Animal fat prices fail to track global vegoil prices higher
The US animal fats and oils markets concluded the week stable to lower on Friday November 8, with a few exceptions noted in the Gulf market. The week was...
11.08.2024
Ruminant meat and bonemeal prices in Missouri River market rise week on week
US animal protein prices were flat on Friday November 8, with sources reporting no changes.
In the week to Friday, animal protein prices were relatively steady. Sources reported...