Organic hemp prices have stabilized in 2020 after falling in 2019 in tandem with conventional hemp seed prices as demand collapsed. The perceived demand never really materialized as CBD consumption did not explode and has yet to keep up with production.
In the wake of the US 2018 Farm Bill, Hemp became legal, which led to a supply glut that has weighed heavily on prices. The Jacobsen has been tracking Hemp prices including organic hemp prices since 2019 and has seen a cratering of prices as farmers estimated short-term demand incorrectly. As the shakeout unfolds the industry will be looking for another outlet that could allow agriculture to sell hemp products outside CBD, textiles, and clothing.
It appears that a US group is seeking approval of hemp seed meal for chickens. There are several hurdles including the approval that is still needed to use hemp products for animal feed in the US. The Hemp Feed Coalition which is the organization applying,…
05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
The Singapore Airlines Group (SIA) will be the first to receive sustainable aviation fuel (SAF) from Neste’s expanded Singapore refinery, the companies announced on Monday May 6.
SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
US domestic feathermeal prices were lower in all six regions on Tuesday May 7, with reports of buyer pushback due to excess inventory levels in the market.
Fastmarkets...