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.
With this November newsletter, PanXchange is launching a series of survey questions for market participants. If you are a grower, processor, end user, or trader, please visit our website to answer these quick questions listed below. Results will be aggregated anonymously and reported in our December newsletter.
The industrial hemp market is rapidly transforming into a national commodity. This progression got a little bit clearer with the recent release of the U.S. Department of Agriculture’s (USDA) draft rules. These not only provided more guidance for farmers, processors and buyers working in this growing industry, but may also mean a significant new range of diverse job opportunities for senior executives right through to technologists and laborers.