ECONOMIC ASPECTS OF QUINOA TRADE BETWEEN PERU AND THE EUROPEAN UNION.

The paper points out the quinoa trade between Peru and the European Union regarding selected economic issues of quinoa production and prices in Peru and import into the EU. Quinoa is known as superfood due to the high level of protein, fibre, micronutrients, and all amino acids. This caused an increased interest in its consumption in the EU which resulted in rising prices. High quinoa prices have motivated farmers in different parts of the world to try producing quinoa that is traditionally home to areas in South America. The increase in the quantity of quinoa offered led to its fall in prices. Quinoa price volatility creates uncertainty for Peruvian farmers and traders, for whom quinoa is one of the main commodities. The article focuses on the development of quinoa production and prices in Peru, a country that is one of the main producers of quinoa in the world at a time when quinoa has become a popular superfood. During this period, imports of quinoa into the EU, which is a major trading partner of Peru in relation to the quinoa, also increased. Based on the assessed economic situation in the quinoa market between Peru and the EU, the authors of the article are looking for tools that could make it easier for Peruvian farmers to be successfully established in the EU market, despite the high interest in growing this commodity in different parts of the world. [ABSTRACT FROM AUTHOR]