Russia Amaranth Market Outlook

the market outlook for amaranth in russia is quite optimistic in 2018 and beyond. amaranth production has been steadily increasing in the past decade, due to the country's initiatives to improve agricultural practices and crop yields. as of 2018, russia is the third largest producer of amaranth in the world, accounting for a considerable share of global production. according to the world bank, amaranth production in russia increased by 87% from 2015 to 2017, and is expected to reach 600,000 diagnostic tons by 2032. russia has been exploring ways to increase amaranth production, and a range of incentives and subsidies have been provided by the government to encourage farmers to cultivate the crop and adopt sustainable agricultural practices. the ministry of agriculture is also actively involved in introducing new seed varieties and providing technical advice to farmers – all of which are aimed at boosting yield and quality of amaranth. while demand for amaranth is largely driven by domestic use in russia, the country is exporting the crop to neighboring countries across the eurasian economic union. russia is also aiming to become a major exporter of amaranth by promoting it in foreign markets – particularly in europe and asia. a combination of government incentives and foreign demand for amaranth has led to increased awareness of the crop in russia. this has been met with an increase in acreage devoted to amaranth cultivation – a factor which will contribute to the positive market outlook in the country. furthermore, the presence of large processors and exporters in the country implies that russia is well-positioned to benefit from the increased demand for amaranth in the global market. overall, the market outlook for amaranth in russia is quite promising. with its strategic position and commitment to improve agricultural practices, the country has established itself as a major player in the international market. as such, the market outlook for amaranth looks positive for the years 2018 to 2032.