Here’s what Hemp Industry Daily are reporting. (See Below)
We believe it’s money wasted. The Chinese have huge domestic grows and we’ve seen several hints that the Chinese are putting money into hemp grows in Southern Africa which they’ll be able to dump on to international markets at reduced prices
Southern European countries like Albania & Romania are already producing large low grade crops.
We expect countries like Thailand, Cambodia, Vietnam to produce their own hemp crops before importing product from the US.
It’ll be interesting to see how it plays out
(1)You’ve got Buckley’s Chance[. Buckley’s improbable survival is believed by many Australians to be the source of the vernacular phrase “you’ve got Buckley’s or none” (or simply “you’ve got Buckley’s”), which means “no chance”, or “it’s as good as impossible”. The Macquarie Dictionary supports this theory. https://en.wikipedia.org/wiki/William_Buckley_(convict)
The National Industrial Hemp Council has set its sights on Asian and European hemp markets after it says it was allocated $200,000 from the U.S. Department of Agriculture to promote U.S. hemp products abroad.
Kevin Latner, the NIHC’s senior vice president for trade, told Hemp Industry Daily that the group received word it was selected to take part in the USDA’s Market Access Program, which will help the U.S. hemp sector identify international market opportunities and develop an export strategy.
The program allows U.S. agricultural trade groups, cooperatives and small businesses to partner with the USDA’s Foreign Agricultural Service to share the costs of marketing activities abroad that help build commercial export markets for U.S. products and commodities.