Quinoa Shortage?
Quinoa Shortage?
The 2008 crop is finally coming into the market. The Bolivian quinoa farmers are beginning to sell their crops at 50% above last year’s crop. Against all predictions, prices are continuing to climb. This is a result of the 40% loss on the crops this year due to frosts in November and the 25-30% increase in demand.
Bolivian exporters are also competing against Peruvian buyers who purchase raw quinoa to processing and sale in Peru.
-SN
Open market purchasing in Challapata, Bolivia
Wednesday, April 16, 2008
2008 crop outlook