Agricultural Producers in Ukraine Skeptically Assess the Future of Industrial Hemp

Recent legislative changes have equated technical hemp to ordinary agricultural crops, which should stimulate industry development and increase areas. Delo.ua writes about this. Legislative changes regarding technical hemp were meant to stimulate industry development, but a sharp increase in areas is not being observed. According to market participants, area growth will be a maximum of 20%. Analysts note that easing regulatory control is a positive signal for the technical hemp market, but a sharp increase in cultivated areas should not be expected in the near future. The Bast Crops Institute predicts that this year, industrial hemp areas in Ukraine may increase to 4,500 hectares. The global technical hemp market is estimated by experts at over $4 billion, has high development potential, and is investment-attractive. For the Ukrainian agricultural sector, the biggest obstacle in developing the direction is the lack of infrastructure for in-depth processing. Producers depend on ...