Bolivia exported quinoa for US$ 16.5 million in the first quarter of 2024, showing an increase of 56.6%

Published 2024년 6월 12일

Tridge summary

In the first quarter of 2024, Bolivian quinoa exports experienced a significant surge both in volume and price, with a 5.7% increase in volume and a 48.2% increase in price, leading to sales worth US$ 16.5 million, a 56.6% increase from the previous year. The United States is the primary importer of Bolivian quinoa, accounting for 42.3% of the total volume imported. Despite facing competition from Peru, which is the global leader in quinoa exports since 2015 due to its higher production volume, Bolivia maintains its position as the only country producing exclusively organic quinoa and has recovered from a dip in export values by 2023, thanks to a positive trend in international prices. The department of Oruro is a key contributor to Bolivia's quinoa exports, which currently cover 21% of the global market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) In the first quarter of 2024 (January-March), Bolivian exports of quinoa have rebounded again and the price has skyrocketed by 48.2% compared to the same period in 2023. The amount paid by importers is, even the highest in the last five years. According to data from the National Institute of Statistics of Bolivia (INE), the value of sales to the foreign market in the first three months of this year amounted to US$ 16.5 million, showing an increase of 56.6% compared to US$ 10.5 million reported in the same period of 2023. Regarding volume, exports have had a modest growth of 5.7% between January and March of this year in relation to the same period in 2023, having gone from 5,397 tons to 5,704 tons. The price factor has allowed this good result in the marketing of Bolivian cereal to the foreign market. For example, from January to March 2023, Bolivian exporters received US$1,958 for the sale of a ton of quinoa. Now, as of the first quarter of this year, they have ...

Source: Agraria