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Last week, the markets were mostly stronger with the exception of both Kermit 100 and 40/70 mesh. The divergent behavior of the past few weeks between Kermit and northern white markets is slightly deceiving. One might assume that the combination of positive movement for FOB Odessa and the negative movement for FOB Kermit might suggest a shift in demand; however, this is not the case.
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The spot biomass market has remained relatively stable throughout February, with transactions ranging from $2.50 to $4.60 per percentage point of CBD content (/point). The price range is influenced by the overall quality of the biomass (where and how it is grown, moisture level, and the relative CBD content) as the highest returns have been seen on high CBD content biomass, generally above 12 percent.
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