Despite the wildfires, smoke and drought conditions ravaging forests, grassland and farmland across the western United States this summer, hemp biomass pricing ranges have held relatively steady nationwide. This is testament to the fact that despite a substantial drop in licensed acres as well as preliminary estimates of total planted acres this year, the market is still heavily oversupplied and is easily able to buffer major supply shocks such as natural disasters.
May Survey Results
The biomass pricing range has held steady across much of the United States. Colorado, Oregon and Kentucky, and much of the midwest remain range-bound between $0.20-$0.30 per point of CBD. There are premiums to be had, however, as potent, clean, and well-prepped biomass is claiming the upper half of the trading range, with a few lots trading higher up to $0.35 per point of CBD.
PanXchange® Hemp: Benchmarks & Analysis – May 2021
If you would like access to PanXchange® Hemp: Benchmarks & Analysis, historical and interactive price charts and to participate in our members-only webinar on market fundamentals, please purchase and register for an account.
We would like to invite you to sponsor our upcoming white papers advertised to 10,000+ professionals like yourself in our network and an estimated equal amount advertised via our association networks, including Hemp Industry Association, Hemp Roundtable, and the Global Hemp Association.
PanXchange examines a case study of hemp protein use in retail food products by a company named Craft Foods, and why despite its nutritious and delicious nature, it fails the proverbial economic “taste test” for a large-scale outlet for hemp.
Here are interactive pricing charts, regional maps, monthly surveys with responses submitted by industry members, Access to all historical reports, charts, data, and previously recorded webinars.
Our hemp team continues to make progress with the roll out of the trading platform for fiber and hurd. As many of you know, we are finalizing the trading terms such as the quality specifications required by commercial buyers (vs cannabinoids where we allowed the listing of any quality variation). The faster we can establish standard commercially viable terms, the faster this sector of the market can grow.