Have hemp seed prices gone up due to the demand?
Have hemp seed prices gone up due to the demand?
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wavess
There was actually an overproduction of hemp due to the demand, which has now caused hemp prices to go down.
Cleverclogs
The price of hemp biomass rises and falls all the time. Supply is now more plentiful than in the early days, and demand hasn’t spiked as far as people expected. However, the end-cost of a product doesn’t generally tend to rise and fall inline with hemp seed prices; and it remains stable. Thankfully, hemp harvesters are able to hold onto their produce, which many will do in the hope the prices start to pick up again soon.
Interestedinhemp
In 2018-19 there was a lot of demand for Hemp. This resulted in mass harvesting and an oversupply of Hemp on the market. In early 2020 it was reported that the cost of hemp seeds had dropped by approximately 20% due to a mass oversupply.
At the moment the global coronavirus outbreak is impacting economies around the world. This may mean it is a perfect time to consider purchasing Hemp seeds.
azure619
I think the prices have gone done in bulk but at my local seed store have stayed about the same
Seymour Simone
What was the average price?
Seymour Simone
Hemp prices have gone down recently due to the mass amount that farmers have been producing. However, that is just the agricultural industry. On the commercial side of things, hemp prices for products like seed and oil have remained the same and even seen a rise in price of some items such as CBD oil.
mhoffz
At my local store, the prices seem to be about the same or maybe even a little less. I think you can buy seeds online as well where you should be able to find good prices.
Hemp-guy
you can check a hemp seed price index to see any fluctuations
amanda.tolar
Nutritional seeds have primarily remained the same in terms of price. By nutritious, I mean what you could go to the store to get for baking/cooking/consumption use.
The seeds distributed for agricultural purposes, however, have decreased in price. This last growing season, with the passing of the farm bill in late 2018 that legalized the production of industrial hemp across most of the US (a few states still held out–I’m not sure where it stands at the moment beyond our state), the market experienced an unprecedented flood, which has created a plethora of issues for growers.
While it was not a new enterprise in that 80-100 years ago, it was a common crop; its re-emergence is still in its infancy. By that, I mean it’s not yet stabilized, and found consistency among growers–both in terms of how many folks are growing, as well as how much is being grown.
At the end of the last season, many growers were left holding onto their plants, as well as broken contracts, while many of the more prominent companies failed to flourish, or went under thoroughly (looking at you, GenCanna). That’s the hell of the agricultural industry, though. On the retail end, CBD is BOOMING. You can’t find any that’s “cheap” in a general customer’s sense, and it’s one of the hottest things on the market, in my opinion. But on the agricultural end, you’re usually chewing on the short end of the stick.
Last year we used clones rather than seeding our crop, just for convenience, and to ensure our first crop got the best chance possible. We haven’t gotten with our nursery yet to confirm prices for this year’s clones, but I will report back once we do, and we can compare–but I anticipate those prices will have dropped compared to last year.
CrayM
Hemp seed prices have gone done recently due to fallen demand for hemp in 2019. At the end of the year, huge loads of hemp were left unsold, driving down the price across the board. Many farmers are storing it till the springtime in hopes of a decreasing market, so hemp prices can increase as they had in the past.