Maca powder is one of the most popular superfoods at the moment. It’s a dietary supplement derived from the processed tuberous root of Lepidum meyenii and well known for its nutritional benefits. The worldwide demand continues to grow, meanwhile the cultivated areas have been decreasing due to low market prices and overstocks have been depleted. This has generated a huge price increase in the past couple of weeks. Now the big question is: Will we reach the peak levels quoted in 2014 one more time?
As you can see in the chart below, in the years 2013-2014 the total sales of maca powder increased 63% because of the growing demand in China. This resulted in scarcity of the product and caused a huge price increase, with prices quoted up to $37,43 /kg in May 2015.
The growing worldwide demand generated an increase of the cultivated areas, growing from 2500 to 10000 hectares. The approximate yield per hectare is about 1 MT of dry maca roots. In the coming years maca became more popular and gained more publicity worldwide.
When China stopped buying in 2016, this resulted in a price reduction. Mainly due to falling prices and oversupply in Peru, maca became more accessible and had been widely used by the Food and Pharmaceutical industry. In 2018 the market reached its lowest level, being quoted at 2,60 FOB. Many farmers stopped their cultivation of maca powder, because of the fast that sales prices were even lower than the cost of production of the raw material. This led to a huge decrease of cultivation areas, mainly in the area of Junin.
As the worldwide demand continues to grow and overstocks are now depleted, exporters expect prices to reach levels quoted in 2013, before China entered the market. We have seen prices rising rapidly in the past couple of weeks and recommend our customers to cover for the next couple of months.
Peruvian maca roots grow in 3 basic color groups: 1) White and yellow roots are made into Yellow Maca powder (60% of the annual harvest), 2) Light pink to dark purple roots are made into Red Maca powder (25% of the annual harvest) and 3) Light gray to dark gray roots are made into Black Maca powder (15% of the annual harvest).
Our standard maca powder is a mix of the 3 phenotypes of Maca (yellow, red and black), but in order to personalize your health, body and fitness goals, we can also offer customized blends according to your requirements. We can also offer gelatinized maca powder.