Within five years, Ukraine will be one of the leaders in the cultivation of amaranth in the world

Published 2024년 6월 4일

Tridge summary

The cultivation of amaranth is rapidly expanding in Ukraine, with the market for amaranth and its products growing by about 11% annually, outpacing traditional crops like corn, soybeans, and wheat. Oleksandr Duda, head of the Association of Amaranth and Amaranth Products Producers, forecasts that Ukraine will become a global leader in amaranth cultivation within five years. Despite a slight slowdown in 2022-2023, a significant increase in acreage is expected this year, with 90% of the amaranth being organically grown. Amaranth is versatile, used in products ranging from flour and oil to pharmaceuticals and cosmetics, with ongoing research into new applications like a vegetable milk substitute.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Until recently, the amaranth culture, little known to Ukrainian farmers, is rapidly conquering the market and cultivated areas. Today, 100 different products are made from amaranth in Ukraine, many unique developments are waiting for their time in the laboratories. Oleksandr Duda, head of the Association of Amaranth and Amaranth Products Producers, said this, SEEDS reports. "The market of amaranth and its processing products grows by approximately 11% every year. For comparison, the market for corn, soybeans, and wheat grows by only 6%. I think that Ukraine will be one of the leaders in amaranth cultivation in the world within five years," Oleksandr Duda is convinced. In 2022-2023, the rate of growth of the acreage under amaranth slowed down a bit, for obvious reasons, but this year Oleksandr Duda predicts a considerable increase, although there will be only 5% of organic amaranth. "In general, 90% of the amaranth grown in Ukraine is de facto organic," Oleksandr Duda notes. Read ...
Source: Agrobusiness

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