Market Update: Jan 2022

chia seed flaxseed market news oregano pecans rosemary sumac thyme walnuts white sesame

Grains and superseeds such as Chia, Flaxseed, Sesame Seeds have all been hiking up for the last two months, nearly all producers are all having their own unique problems ranging from severe inflation in Canada/India/China, to weather problems in Peru/Argentina resulting in crop failure of 30-40% and cost rises of 5-10%. These seeds don't grow easily and a replacement supply origin cannot cover the demand of the whole world.

Prices are declining for some nuts: walnuts, pecans have dropped 10-15% as new crops from Chile, Mexico and Argentina are entering the market.

There are also big supply issues for mediterranean herbs and spices, all are forecast to keep climbing. Problems started due to hyperinflation and political unrest in Turkey which has put pressure in demand from other neighbouring countries where nearly all the world's thyme, oregano, rosemary, sumac and a dozen other herbs come from.