Trade4go Summary
Experts predict a surge in hemp cultivation in 2025, with the growth area expected to reach at least 10,000 hectares, a significant increase from the Ministry of Agriculture's forecast of 8,000 hectares for 2024. The industrial hemp market, which stood at $10.5 million in 2024, is on track to double to $21 million in 2025, with an estimated gross harvest of 14,000 tons from 8,000 hectares. The market value for 2025 is projected to reach $26.25 million with a gross yield of 17,500 tons. The effectiveness of industrial hemp processing parks in Zhytomyr, Rivne, and Chernivtsi regions remains to be seen. The market deregulation and the initial sowing under the new rules for 2025 make it difficult to compare previous years' figures. The practice of growing hemp, especially in regions like Chernihiv, Sumy, Poltava, Cherkasy, Vinnytsia, and Zhytomyr, is gaining traction, with eHemp enabling farmers to grow hemp as efficiently as corn.
Original content
Experts expect an increase in the area under hemp to at least 10 thousand hectares in 2025, while the Ministry of Agriculture's estimate for 2024 is 8 thousand hectares. Delo.ua writes about this. The real interest of farmers in industrial hemp is greater, since they usually cautiously enter new crops for themselves, sowing minimal test volumes first. In 2024, the industrial hemp market amounted to $10.5 million, and for 2025 - $21 million with an estimated gross harvest of 14 thousand tons from 8 thousand hectares. Extrapolating the optimistic estimate of the Association for the Development of Flax and Hemp Growing to at least 10 thousand ha under hemp, we will receive an updated forecast for 2025: market volume — from $26.25 million, gross yield — from 17.5 thousand tons. It is too early to assess the effectiveness of industrial hemp processing parks that are opening in Zhytomyr, Rivne and Chernivtsi regions. The market has been deregulated and the first sowing under the new ...