At the end of June, very unusual weather caused by climate change occurred in Paraguay, Bolivia, and Argentina. A cold front moved across the countries leading to a devastating loss of the chia seeds harvest. Suppliers reported to lose 50-60% of the crop after the frost buffeted the countries three times over.
Speculation about prices increased rapidly as many exporters lost a significant part of their production. As for now, it seems that Argentina and Bolivia have been most affected. However, we understand a second frost wave in Paraguay damaged around a further 30% of the crop.
Paraguay is currently facing an increasing demand from Bolivian and Mexican companies. This year, Mexico is expected to have a limited crop as farmers are currently more interested in planting agave and corn due to the attractive price levels. The market is expected to remain very volatile in the coming months.
As Rhumveld, we acknowledge the devastating effects of climate change seeing the loss of crops by uncommon weather conditions. Together with our suppliers and Ecovadis, we are working hard to improve our sustainability practices continuously. Our commitment to operating with respect for human rights and the environment is reflected in different aspects of our business operations and is integrated in company policies and relevant procedures.
Benefits of chia seeds
Chia seeds are recognized as one of the most popular superfoods by the health-conscious for a good reason because they contain several nutritional properties that are important for the human body. Chia seeds are calcium and fiber rich foods and include omega-3 fats and many antioxidants. As the power food gains further popularity among customers, more recipes are created, making it easy to add chia seeds to a healthy diet.
Would you like to know more about our chia seeds? We would be happy to tell you more about our chia seeds!