Russia: Processors expand range of technical hemp products

Published 2022년 6월 28일

Tridge summary

In 2022, Russia's industrial hemp cultivation has seen a significant increase to 20,000 hectares, up from 13.3 thousand hectares in 2021, indicating a growing interest in the sector. The hemp industry is being viewed as a new market with potential for business growth, with manufacturers expanding their product range and also planning to export. Rustekhkon plans to invest 2.5 billion rubles to produce food products, fiber, and kernels from hemp seeds, and then move into textile production. Other regions like the Vladimir region are also planning to develop hemp cultivation for both economic and ecological benefits.

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Original content

In 2022, the crops of this crop in Russia reached 20 thousand hectares According to the Association for the Development of the Hemp Industry, in 2022, industrial hemp crops in Russia reached 20 thousand hectares (in 2021 it was 13.3 thousand hectares), which indicates the interest of investors in this type of business. “The hemp industry in Russia has a very promising market, this is the “blue ocean”, a new unoccupied market with great opportunities for business development. Serious investment projects in the industry in our country are just beginning to scale. <...> In Russian crop production, this is still a new trend that cultivates a healthy lifestyle, healthy eating, and vegetarianism,” Yulia Divnich, president of the association, told Agroinvestor. Manufacturers of food products from industrial hemp are expanding their product range, including flour for processing enterprises. Various confectionery products are made from hemp seeds: bars, sweets, chocolate pastes and even ...

Source: Specagro