Update from the Texas Farm Bueau
The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) is releasing a new weekly National Hemp Report. The free and publicly available report provides unbiased, timely and accurate data to help industry stakeholders make business decisions.
The National Hemp Report contains retail advertised prices of hemp products nationally and by region, along with volumes and cost, insurance and freight (CIF) values of hemp imports into the United States.
The report is issued every Wednesday.
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“USDA has recognized the hemp industry’s need for timely market information,” Undersecretary for Marketing and Regulatory Programs Jenny Lester Moffitt said. “The National Hemp Report will equip stakeholders with weekly price and volume information to help guide smart business decisions.”
Retail advertised prices for hemp are currently available as part of the National Retail Report-Specialty Crops. This new report will be the first-time movement volumes or CIF values of hemp commodities will be published by USDA Market News. It is also the first Market News report dedicated solely to this new commodity group, according to the agency.
USDA officials said the report will expand in the future to include additional market information pending ongoing industry engagement.