In the Northern White market, prices fell by approximately 1% this week across all mesh sizes (100m, 40/70m and 30/50m) to historical lows.
Biomass markets continue to bifurcate between two markets: 1) the market transacting at fair market values dictated by supply and demand; 2) a market rife with desperate sellers and opportunist buyers. Because of this fragmentation, recent transaction prices vary widely. In general, homogenized biomass prices have continued to soften, with prices across the country firmly at or below $1 per percentage point of CBD. Nontheless, the bid/ask spread has narrow since last month as product has been forced to move and buyers and sellers found common ground.
Koppert Biological Systems (Kenya) has won the tender to distribute Aflasafe – a chemical that is used to suppress aflatoxin in grains. The firm, headquartered in Netherlands with a subsidiary in Kenya, won the tender through competitive bidding conducted by Kenya Agricultural Livestock and Research Organisation (Kalro).
In the Northern White market, 100m rose by by 3% this week while 40/70m rose by 0.5%. Given that Northern White 40/70 has seen the most significant quarterly price drop at over 16%, perhaps this could be a sign of fundamental price support.
In the Northern White market, 100m fell by 2% this week while 40/70m rose by 2%. Given that Northern White 40/70 has seen the most significant quarterly price drop at over 16%, perhaps this could be the start of a market correction or even a sign of fundamental price support.
In the Northern White market, 100m fell by 0.5% this week while 40/70m fell by 2.5%. Northern White 40/70 has seen the most significant quarterly price drop at over 16%, suggesting that it is struggling to compete with regional supply due to its crush strength and quality relative to cost.
Optimism around a three-day hemp auction in Tennessee turned to disappointment when producers found way more sellers than buyers, driving prices down and leaving some frustrated.
Passage of the 2018 Farm Bill and the rise of CBD as a nutritional supplement has led to a boom in hemp cultivation over the past year. According to the U.S. Hemp Market 2019 State Rankings Report, the acreage for licensed hemp cultivation has risen by 328%, from 112,163 acres in 2018 to 480,334 acres in 2019.
In both the Northern White and Permian market, prices continue to push downward to new lows each week across the board. While the domestic story for frac sand remains “more of the same” with respect to the supply glut, there is a lot of movement internationally…
The Association of Kenya Animal Feed Manufactures (Akfema) want the government to open the window for duty-free imports of yellow maize to avert price escalation. Prices of animal feeds have gone up by as high as Sh500 a bag across all products.