Tag Archive for: emerging markets

Guy Carpenter displays industrial hemp products on Peru trade mission

NIHC TO SHOWCASE U.S. HEMP EXPORT POTENTIAL AMID PERU’S EXPANDING INDUSTRIAL HEMP SECTOR

CONTACT: info@hempindustrial.com

NIHC TO SHOWCASE U.S. HEMP EXPORT POTENTIAL AMID PERU’S EXPANDING INDUSTRIAL HEMP SECTOR

[WASHINGTON DC, June 5, 2025] – NIHC is honored to participate in the upcoming U.S. Department of Agriculture’s (USDA) Agribusiness Trade Mission (ATM) to Peru, which will take place in Lima from June 8 to 12, 2025. The trade mission will foster new commercial partnerships and promote U.S. agricultural exports, including the growing industrial hemp sector.

Representing NIHC on this important mission will be:

  • Trey Riddle, Chief Financial Officer of IND HEMP
  • Guy Carpenter, CEO of Bear Fiber
  • Katheren Moreira, NIHC’s In-Market Representative for Latin America

The NIHC delegation will engage in USDA-coordinated business-to-business meetings with Peruvian buyers and government officials to expand awareness of U.S.-grown hemp products and advance regulatory cooperation.

“Our participation in this mission underscores the NIHC’s commitment to opening new markets and building global partnerships for American-grown industrial hemp,” said NIHC President & CEO Patrick Atagi. “Peru’s expanding hemp sector and strong trade ties with the United States represent a promising frontier for U.S. industrial hemp exports. We are excited to be included in this mission, and we thank the USDA Foreign Agricultural Service for its leadership in promoting U.S. agriculture around the globe.”

“As a cooperator in the USDA Regional Agricultural Promotion Program (RAPP), we are excited to explore opportunities for investment, technical collaboration and supply chain development that benefit both countries,” Atagi added.

Peru’s Hemp Market: An Emerging Opportunity

Peru’s industrial hemp industry is rapidly evolving under a national strategy that supports sustainable agriculture and export-driven innovation. A revised legal framework adopted in December 2023 has created clear guidelines for hemp cultivation, processing, and commercialization. As a result, the Peruvian hemp market was valued at approximately $15 million USD in 2024, with projections reaching $30 million USD by 2028, reflecting a 12–18% compound annual growth rate.

Roughly 3,000 hectares are currently under hemp cultivation for a mix of applications including:

  • Hemp seed oil (dominant product segment)
  • Textiles and fiber-based products
  • Plant extracts and wellness applications
  • Bio-construction materials such as hempcrete

U.S.–Peru Hemp Trade Outlook

Although a formal import-export protocol is not yet in place between Peru’s SENASA and USDA, bilateral discussions and technical exchanges have laid the groundwork for regulatory alignment. According to UN Comtrade, U.S. hemp product exports to Peru totaled $45,137 USD and 18 metric tons in 2024, signaling early-stage but growing trade activity.

Peru ranks as the 34th largest global market for U.S. agricultural exports and the fourth largest in South America, with total U.S. exports reaching $4.8 billion in 2024. Under the U.S.–Peru Trade Promotion Agreement, 67% of U.S. agricultural products enter Peru duty-free, offering a strong platform for expanded hemp exports.

Strategic Global Engagement

NIHC’s involvement in this trade mission aligns with its strategic goal of developing international markets for U.S. hemp producers and processors. NIHC continues to advocate for trade frameworks, regulatory harmonization and expanded access for hemp-derived products in global markets.

About the National Industrial Hemp Council of America (NIHC):
NIHC is the leading advocacy organization for the industrial hemp industry, dedicated to promoting the growth and development of hemp as a critical agricultural resource. NIHC works to advance the interests of hemp stakeholders at the federal, state and international levels through advocacy, education and collaboration. For more information, visit www.nihcoa.com.

 

NIHC is the premier leader in advancing the international marketing of the U.S. industrial hemp industry

NIHC Secures $1.25 Million in New RAPP Funding, Cementing Leadership in International Hemp Marketing

NIHC Secures RAPP Funding

Cementing Leadership in International Hemp Marketing

WASHINGTON, Dec. 19, 2024—The National Industrial Hemp Council (NIHC) is pleased to announce it has secured an additional $1.25 million in funding through the U.S. Department of Agriculture’s Regional Agricultural Promotion Program (RAPP). This significant achievement builds on the $745,000 awarded earlier this year and positions NIHC as the premier leader in advancing the international marketing of U.S. industrial hemp.

“This funding is a game-changer for the U.S. hemp industry,” said NIHC President and CEO Patrick Atagi. “With the continued support of the USDA, we can sustain and expand our efforts to promote American hemp as a world-class, sustainable commodity. This recognition highlights hemp’s rightful place among the top U.S. agricultural exports, on par with other key commodities.”

Atagi thanked the USDA Foreign Agricultural Service (FAS) for their recognition and support. “USDA’s commitment to bolstering U.S. agricultural exports has been instrumental in creating opportunities for emerging industries like hemp,” he said. “FAS has been a steadfast partner in helping us grow the international footprint of the U.S. hemp industry.” Atagi also thanks the many supporters who took the time to write letters of support for the NIHC funding. “We could not do our work without those in the industry supporting what we do. Your efforts made a decisive difference in the process.”

Launched in October, the USDA’s $1.2 billion RAPP program is designed to boost U.S. agricultural exports in high-potential international markets, with a focus on regions like South and Southeast Asia, Africa, Latin America, and the Caribbean. This latest funding allows NIHC to build on the success of its previous initiatives, which included leading delegations to the Tokyo Hemp Conference and the Asia Hemp Expo and Forum in Thailand.

The additional funding will ensure the continuation of NIHC’s critical work in 2025 and beyond, further positioning U.S. industrial hemp as a high-quality, reliable and sustainable commodity for global markets. With a strong foundation established through prior efforts, NIHC will continue to:

  • Lead trade delegations to key markets to foster partnerships and secure sales opportunities for U.S. hemp products.
  • Expand the reach of the NIHC Verify program, which enforces strict product testing standards and promotes consumer confidence worldwide.
  • Advocate for hemp’s inclusion in key agricultural commodity discussions internationally.

With this new round of funding, NIHC will focus on strengthening partnerships across Asia and Africa, regions identified as having high consumer demand and market growth potential. The continued collaboration with the USDA underscores the vital role hemp plays in diversifying U.S. agricultural exports and promoting sustainability.

###

About the National Industrial Hemp Council

The National Industrial Hemp Council (NIHC) is the leading global advocate for the sustainable growth and profitability of industrial hemp. Based in Washington, D.C., NIHC’s membership includes growers, processors, sellers, and laboratories. The organization is committed to advancing the hemp industry through advocacy, international development, and programs like the exclusive NIHC Verify initiative, which upholds rigorous testing standards and promotes product safety. For more information about NIHC and its programs visit www.NIHCoa.com

 

NIHC 2024 RAPP Funding

NIHC RECEIVES FUNDING TO PROMOTE US HEMP IN

EMERGING MARKETS

WASHINGTON, May 29, 2024—The National Industrial Hemp Council (NIHC) is proud to announce it has received $745,000 in funding through the U.S. Department of Agriculture’s Regional Agricultural Promotion Program (RAPP). Agriculture Secretary Tom Vilsack recently announced the funding that aims to boost American food and farm exports in promising international markets.

“We extend our gratitude to the USDA for recognizing the vital role of industrial hemp in global export markets,” said NIHC President and CEO Patrick Atagi. “This funding is crucial for advancing the industry through NIHC’s efforts to promote US hemp as a safe, high-quality and sustainable commodity used in various products, from clothing to building materials to fuels.”

Launched in October, the USDA’s $1.2 billion RAPP program is designed to help U.S. exporters expand their reach beyond traditional markets. The focus is on regions with growing consumer demand and purchasing power, such as Africa, Latin America and the Caribbean, and South and Southeast Asia. NIHC is among 66 organizations receiving a share of the first $300 million allotment. For a complete list of RAPP funding recipients, click here.

Atagi, who recently returned from the Asia Hemp Business and Expo in Bangkok, emphasized that the funding will enable the US industrial hemp industry to forge global partnerships and strengthen its position in the international marketplace. A standout feature of the US industrial hemp sector is the NIHC Verify program, which mandates that products be tested in laboratories that have passed a Good Laboratory Practice (GLP) certification audit. This program underpins NIHC’s mission to promote testing transparency, uphold standards, boost consumer confidence and ensure product safety.

###

Contact: Info@hempindustrial.com

The NIHC is a global advocate for the sustainable, long-term growth and profitability of industrial hemp. Based in Washington, D.C., NIHC’s membership includes growers, sellers and laboratories. The organization engages in advocacy, international development and consumer programs, including the exclusive NIHC Verify program, which promotes testing transparency, standards compliance, consumer confidence and product safety. To learn more, visit www.NIHCoa.com

Tag Archive for: emerging markets

Nothing Found

Sorry, no posts matched your criteria

 
PreviousNext
The North Carolina Department of Agriculture & Consumer Services division for the Plant Industry includes hemp. This page explains the regulations for hemp in North Carolina and how to add your hemp business to the state registry.
The Textile Exchange's purpose is to build a global fiber and materials production model that positively impacts our planet.
The US Hemp Building Association advocates for hemp building professionals, projects, and materials in the United States. They work to establish and stabilize a thriving American hemp building industry.
 
PreviousNext
The North Carolina Department of Agriculture & Consumer Services division for the Plant Industry includes hemp. This page explains the regulations for hemp in North Carolina and how to add your hemp business to the state registry.
The Textile Exchange's purpose is to build a global fiber and materials production model that positively impacts our planet.
The US Hemp Building Association advocates for hemp building professionals, projects, and materials in the United States. They work to establish and stabilize a thriving American hemp building industry.

Stay up to date with the latest NIHC news.

Stay up to date with the latest NIHC news.

Subscribe to "U.S. Hemp & World News"

* indicates required

Contact Us

1575 Eye Street, NW, Suite 300
Washington, DC 20005 USA
+1 202-919-3750
Info@HempIndustrial.com
Subscribe to “U.S. Hemp & World News”

Quick Links