PanXchange produces indices for physical commodities to bring price discovery and key market intelligence to thin and/or nascent sectors. As a service to the US hemp industry, PanXchange publishes nine monthly price assessments for Colorado, Oregon, and Kentucky on the last Thursday of each month.
In the Northern White market, 100m prices rose by 4% and 30/50m prices rose by 3% while 40/70m prices remained relatively flat. This suggests that renewed annual budgets are continuing to have a positive impact on demand.
In the Northern White market, 100m prices fell by 3% to an all-time low this week, while 40/70 and 30/50m prices remained relatively flat. Northern White 100m has shown potential for significant weekly price decreases with no clear indication of bottoming out.
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.
The United Nations warned that Zimbabwe faced another poor harvest in 2020 because of patchy rains, compounding problems for millions of people already grappling with a drought and the worst economic crisis in a decade.
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.
In the Northern White market, 100m prices fell by 2% this week while 40/70m fell by 1% in contrast with last week’s price increases.
In the Permian, FOB Kermit 100m rose by 1.0%, local 40/70m rose by 0.5% and FOB NW Odessa 40/70m prices remained relatively flat. We expect demand to pick up as E&Ps gear up for next year’s drilling inventory.
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.