We have just returned from our trip to South America, where we got an impression of the current situation on the Chia-market.
We have audited several producers, visited the fields and talked to farmers and producers about quality, yields, price trends, purity requirements and applications.
Due to a drought in Bolivia and frost in Paraguay, large parts of the crop have been destroyed. Therefore, a lower crop yield is expected. As a consequence, this will most probably lead to higher prices in the coming months.
However, there are sufficient quantities of raw material from the last harvest available.
We assume that prices for high quality Chia will rise in the second half of 2016. Detailed figures will not be available before the harvest is brought in throughout all growing areas.
In Paraguay and Argentina the harvest for this year has almost been completed. In Bolivia, we expect results until late August.