USDA Issues First National Hemp Report
The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) announced the issuance of the first edition of the new weekly National Hemp Report. The free and publicly available National Hemp 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 U.S. The report will be issued every Wednesday.
“USDA has recognized the hemp industry’s need for timely market information,” says Jenny Lester Moffitt, under secretary for marketing and regulatory programs. “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. The National Hemp Report will expand in the future to include additional market information pending ongoing industry engagement.
The National Hemp Report, along with other market news reports and data, is available on the AMS Specialty Crops Market News web page. You can reach the report through the Hemp Production webpage. You can also subscribe to receive the report through the USDA Economics, Statistics and Market Information System (ESMIS). Additionally, the National Hemp Report is available on My Market News and through the USDA Market News App. The free app is available in both iOS and Android versions and may be downloaded through the Apple and Google Play stores.