You must be logged in to view this content.
@font-face { font-family: 'Open Sans'; font-style: normal; font-weight: 400; src: local('Open Sans'), local('Open Sans'), url(https://panxchange.com/wp-content/uploads/revslider/gfonts/open-sans/open-sans.woff2) format('woff2'); } East Africa East Africa var htmlDivCss = unescape("a.px-nav-link%20%7B%0A%20color%3A%20%23fff%20%21important%3B%20%0A%7D%0A%0Aa.active%20%7B%0A%09text-decoration%3A%20underline%3B%20%20%20%20%0A%7D%0A%0A.px-nav-link%3Ahover%20%7B%0A%20%20%09text-decoration%3A%20underline%3B%0A%7D"); var htmlDiv = document.getElementById('rs-plugin-settings-inline-css'); if(htmlDiv) { htmlDiv.innerHTML = htmlDiv.innerHTML + htmlDivCss; } else{ var htmlDiv = document.createElement('div'); htmlDiv.innerHTML = '' + htmlDivCss + ''; document.getElementsByTagName('head')[0].appendChild(htmlDiv.childNodes[0]); } [...]
It was much of the same last week in the market, all pricing dipped lower but none making a major move. The northern white market remains slightly oversupplied but many producers are optimistic for May where they expect demand to pick up, bringing higher prices with it.
The spot biomass market has seen consolidation between the Colorado, Kentucky and has generally transacted in the range of $3.30 to $4.50 per percentage point of CBD content (/point) throughout April. At this point, hemp producers have either sold out of product or are holding positions, expecting prices to rise during the summer months. Although it is foreseeable that the biomass market could reach the mid $5/point range this summer, there has been increased reports about biomass quality degradation leading to questions on best practices for post-harvest storage.
The northern white market has begun Q2 with sideways movement following a strong end to Q1. 40/70m has been especially difficult to source for both spot and contract customers over the past several weeks;
PanXchange produces indices for emerging commodities bringing price transparency, price discovery, and key market intelligence. We acquire pricing information by conducting surveys with vetted and anonymous market participants and make expert assessments based on a variety of factors. We will publish monthly spot biomass assessments for Colorado, Oregon, and Kentucky, with plans of expanding crude, distillate, and isolate reporting as well as additional regions.