European fiber, seed show promise; key derivatives seen bottoming out

Prices and volumes for key hemp derivatives should soon bottom out and begin to pick up over the next year, according to Canxchange, the London-based commodities trading platform.

Meanwhile, rising sales of hemp fiber for industrial uses and hemp seed’s potential in the food sector can bolster the industry overall, Canxchange Sales Director Rory Dyer told the monthly meeting of the British Hemp Association (BHA) Thursday.

Dyer said Canxchange research among growers indicates total area dedicated to hemp flowers dropped significantly this year as European producers were squeezed by cheap imports of isolates, distillates and oils from the United States, where the cost of production is much lower.