January 2021 U.S. Hemp Price Commentary
The aggregate assessed price for CBD Biomass held steady this month, continuing recent stability. However, most spot transactions observed are for lower-volume lots as many processors continue to charge tolling fees or take splits to process biomass into extracts. Rates for extracted CBD products were down uniformly this month as supplies reportedly remain robust.
The assessed price for smokable CBD Flower ticked upward for the second straight month and is the only product category covered in our reporting to see a year-over-year increase. While lower-priced flower harvested in 2019 is still being traded, higher-priced deals for indoor and greenhouse-grown product again lifted the overall assessed rate.
Specific price ranges and average rates for CBD Flower, CBG Flower, delta-8 THC, and other products, as well as analysis of drivers of price change, are available in the full report here. As we note below, reports state demand for CBG products overall remains sluggish.
Unsurprisingly for this time of year, prices for CBD and industrial hemp genetics rose this month. Still, prices for all types of genetics were down compared to this time last year, with rates for Industrial Seeds displaying the most stability over the previous 12 months.
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Additional Spot Price Index Report Contents
2021 Lookahead
Early indications of increased producer interest in CBD reported; grain market participants look to expand acreage.
Hemp Benchmarks® 2020 Harvest Assessment
Preliminary estimate of 2020 CBD Biomass production just over half that estimated for 2019.
Processing & Extracted Product Sales Update
Delta-8 THC is the fastest-growing product in the hemp sector as questions about compliance, product purity persist.
Hemp Transportation Cost Update
European demand for Smokable Hemp Flower Driving Increased Exports.
Hemp Federal Regulatory Updates
USDA releases Final Rule for domestic hemp production; industry optimistic about Biden Administration.
Hemp Industry Updates
Processing projects report making headway; Molson-Coors subsidiary launches CBD beverages in Colorado.
State Updates
2020 crop data, as well as production and regulatory updates for 2021 from 13 states.
International Updates
Paraguayan company becomes first to successfully export hemp products from South America to U.S.
