As of May 5, average daily U.S. CBD isolate prices were up less than 1 percent from early March. Pricing has held mostly steady since March, between $750 per kg and $760 per kg, per the Jacobsen, as the market continues to expand with greater legalization.

Internationally, a recent Centre for Medicinal Cannabis (CMC) study identified the UK as the second-largest CBD market after the U.S. CMC projects 2021 CBD sales in the UK to surpass $825 million, about $200 million higher than its previous forecast, per Food Navigator.

China’s National Institute for Food and Drug Control recently proposed a ban on CBD in cosmetics just as consumer awareness is gaining serious momentum in the country. The hemp industry is advocating for an exception for hemp-derived CBD vs. marijuana-derived CBD.


Source: 123rf.com
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.