Romania has become the most important hemp yarn exporter to the U.S., with exports of 100-180 mt annually. This is roughly double that of China’s exports over the 3 year period 2020-2023. Romania has maintained hemp production historically, while other countries discontinued cannabis cultivation altogether.
The fiber hemp segment has been in decline in Romania for the last several decades due to depreciating facilities, and decreased demand for hemp yarn. Romanian farmers plant roughly 3600 acres of hemp annually. 30 years ago, Romania was the largest hemp fiber exporter in Europe and the fourth largest globally. In 1990, production reached almost 40,000 acres.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...