The main quinoa harvest in Peru and Bolivia is getting under way, final yields are expected end of the month and early May. Early indications point to a shorter crop due to droughts in southern Peru and Bolivia brought on by El Nino, these short crop indications have caused a slight bump in prices of late as speculators try and drive up the market.
Expectations are however that prices will come down approx. 8% when the main harvest is in. Although over all yield might be less than expected farmers will be looking to move product after this main harvest which should contribute to prices coming back down by roughly 8%. Depending on the overall yield count and yields of smaller secondary harvest throughout the year we do however expect quinoa prices to be on the increase overall through the remainder of the year.