June 2017 Quinoa Market Report
Did you know that only two countries supply the majority of the world with Quinoa? Bolivia and Peru account for the majority of the world’s quinoa production. Recently due to the popularity of quinoa across the world, farmers in the USA and India have begun supplying a small percentage of product to the word market.
Harvest from Peru and Bolivia area usually starts in late April, but this year it was late May due to El Nino. El Nino is an irregularly occurring and complex series of climatic changes affecting the equatorial Pacific region that brings unusually warm, nutrient-poor water off northern Peru and Ecuador. El Nino typically brings flooding and this year was no different. The weather had a major impact on this year’s crop where regions of Peru were greatly affected by El Nino impacting production in those areas. Other regions or Peru and Bolivia had sun and rain arrive at the right time, and produced a great crop.
White quinoa is the most commonly known among consumers. Many farmers grow this product and the pricing is stable when compared to last year. We’ve seen volumes stay consistent this year compared to last year.
Red Quinoa is not as common as white quinoa. Because the price has been nearly the same as white quinoa, farmers were not as motivated to plant as much red quinoa. This has caused the price to be higher than white. Thankfully the yield was good this year so prices could potentially be lower than last year.
Black Quinoa yields less per acre than white and red. Because of this low yield, farmers do not like to plant black quinoa. However, pricing will potentially remain the same as 2016.
Disclaimer: This content is provided for informational purposes only. The information is based upon conditions at the time of writing and many factors can change the pricing and availability of crops. This information should not be considered purchasing advice. Please contact a GloryBee sales representative at 1-800-456-7923 to learn more.