Quinoa Market Update, South America 2023

Summary

The 2023 quinoa crop in Peru is smaller than expected due to an earlier drought. This has led to a higher percentage of defects and impurities, which is making processing more expensive. Bolivia is also reporting a smaller crop, but growers are keeping some of their stock in anticipation of a firmer market.

Chia Grains

Harvest in Paraguay has started earlier than expected, and yields are positive.

Conclusion

The quinoa market is facing some challenges in 2023, but prices are still expected to be favorable. Buyers should act early to secure their supplies.