WCO to develop new hemp HS codes

WCO to develop new hemp HS codes

US hemp exports rose by over 500% in 2020, the second full year of hemp cultivation in the US. The exports portrayed in the chart below are categorized as “true hemp Cannabis sativa l., raw or processed, but not spun; tow and waste of true hemp, including yarn waste and garnetted stock”.

This category does little to shed light on the actual products being exported. For instance, some of the exports to Switzerland are floral products, like smokable hemp. This is a radically different product with dissimilar applications to industrial fiber.

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Hemp exports grew by another 15% in 2021, primarily destined for European countries or Canada. In 2022, hemp exports declined by 42%. The lack of cadence to these markets…

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01.31.2025

US animal fats and oils markets hold firm on week; signs of softening emerge

US animal fats and oils markets hold firm on week; signs of softening emerge

After a strong start to the week, the US animal fats and oils markets ended the month on a mixed note on Friday January 31, as ongoing uncertainty continued...

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Sausage casings bulletin, January 31, 2025

Sausage casings bulletin, January 31, 2025

Runner market commentary
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Table 2

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01.31.2025

Hide sales limited; bids carried into the weekend

Hide sales limited; bids carried into the weekend

Hide sales were limited during week ended Friday January 31, but many bids are expected to carry into the weekend, according to a few sellers.

Anticipation surrounding the...

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