Tridge summary
The French hemp interprofession, InterChanvre, has expressed concern over the potential decline in hemp cultivation for the 2023 rotation due to increased competition from wheat and rapeseed, both of which have seen significant price hikes. The rising prices of these competing crops make it difficult for hemp to offer competitive remuneration to farmers. Despite the market's willingness to accept a 10-15% increase in sales prices across all segments, it still falls short of the increases offered by alternative crops. The sector is looking for support, especially in the form of carbon storage, as hemp is capable of capturing 15 tons of CO2 per hectare.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
InterChanvre, the French hemp interprofession, has revealed that the expansion of cultivation, which until now was ensured by dynamic demand, is threatened by competition from wheat and rapeseed in the next rotations of 2023, as a result of the high prices they are fetching. When wheat prices have gone from €200 to €400/t and rapeseed from €400 to €800/t, it is difficult to reach a remuneration for hemp that is attractive to the farmer, they denounce from InterChanvre. The hemp market "seems willing to accept" a 10-15% increase in sales price across all segments (hemp, fiber in composites, paper, textiles, and food), but that falls well short of alternative crop increments. However, in the future, the sector hopes to have additional aid such as those focused on carbon storage, since hemp captures ...
Source: Agrodigital
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