Like many countries, Australia has embraced the hemp normalization trend. Food Standards Australia New Zealand (FSANZ) made low-THC hemp foods legal in 2017. The year prior, Australia federally legalized cannabis production for medicinal and scientific purposes.
Agrifutures Australia is funding the development of the Australian Industrial Hemp Program of Research (AIHPR) to the tune of AU$ 2.5 million for a five-year project. Agrifutures Australia is a government agency tasked with developing rural leadership and investing in research and innovation to advance rural communities.
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09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...