April wholesale prices for hemp and hemp-derived products delivered positive price movement across the majority of product categories tracked by Hemp Benchmarks. Compared to this time last year, many products have experienced significant substantial gains as old inventory and surpluses have been replenished along with increased demand for input materials to satisfy the robust market for intoxicating compounds created from hemp.
Industrial seeds for fiber, CBD clones, CBG seeds, and CBG clones all saw price increases of over 10% month-on-month. CBD seeds also saw a 9% increase this month. Increases in the number, and value, of transactions for lots of CBD and CBG biomass less than 25,000 pounds pushed the aggregate categories up 6% and 3%, respectively.
Despite mixed performance for the average prices of smokable CBD flower cultivated using different grow types, pricing in the aggregate category climbed 6.7%, and is up 27% from April 2024. THCa flower prices have begun to retreat, with the aggregate category shedding 7.3% per pound with all grow types losing value. Greenhouse grown THCa flower suffered the largest loss, dropping 13.3% per pound this month.
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The aggregate Refined CBD Hemp Oil category, consisting of transactions for THC Free, Broad Spectrum, and Full Spectrum CBD Distillates, gained 4% per kilo this month and is now equal to the 2024 high price assessment reached in December. Full Spectrum CBD Distillate was the only sub-category to lose value, dropping a mere 1%. CBD Isolate prices rose 5% and have reached their highest value since June 2022.
CBG distillate and CBG isolate prices were two of the three major product categories to lose value this month, 1% and 2%, respectively. Despite the minimal decrease in CBG distillate prices this month, the price assessment is up a staggering 49% from the 2024 per kilo average price. CBG isolate prices are down for the fifth consecutive month, yet are only down 1.5% from the 2024 per kilo average.
Shipping rates for Dry Van and Sprinter Van transportation of hemp products experienced steep declines this month, declining nearly 13%. As markets across the U.S. battle the impacts of tariff uncertainty, the shipping industry expects prices to continue to decline as trucks have more competition over less freight.
