Chia Seed Market Update - August 2021
Currently the situation in Paraguay is very unstable with regards to new crop. Frosty weather has affected up to 60-80% of the total production which is putting an upwards pressure not only prices, but also product availability, increasing the struggle to keep up with demands.
Every year frosty weather is expected to affect Chia crops and previous years pricing demonstrates this; however no one was expecting the severity of this year's weather conditions. Prices have now doubled due to limited supply and farmers have lost most if not 100% of their crops.
This in turn is affecting Chia seed pricing across all origins, as well as increasing freight rates.