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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Peru: World's main quinoa producer and exporter

Thursday, January 22, 2015 > 10:00:25
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(Andina)

The Agriculture and Irrigation Ministry (Minagri) confirmed Peru is the main quinoa producer and exporter in the world, according to the Food and Agriculture Organization of the United Nations (FAO) and information from the top independent commercial information agencies.

Our country has experienced exponential growth in the production and exportation of quinoa than any other country, a Minagri press released said.


According to Veritrade, a company dedicated to provide business intelligence products based on the information obtained from many countries, the foreign sales volume in 2014 reached 33,104 tons, which represents a growth of 81%, if compared to the 18,250 tones registered a year before, 2013.

As well, Peruvian quinoa exports in 2014 reached US$187million in FOB prices. This means that, compared to 2013, those grew by 143%, a record number.

Peruvian quinoa has a comparative advantage, which other countries don’t have. It is harvested on the coast, by the sea, which is "approachable" for the ancestral crops, the release notes.

In addition, according to the numbers provided by FAO, between 2005 - 2013 Peru has become the first quinoa producer in the world, it indicated.

Peruvian quinoa represented 52% of the world's production during last decade.

The independent trade records indicate Peruvian quinoa price is $5.64 per kilogram.

It should be noted that Peruvian quinoa has tended to become a commodity. This is the reason why its price is determined in the international market.

Finally, Peru has current free trade agreements with the main market destinations of quinoa (such as the European Union, United States, China, South Korea, Japan, among others), and it has lower logistics costs to access the international trade," the press release affirmed.


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