Figure 8.13b presents data on the prices received by quinoa producers. This visualization is part of a broader analysis of the quinoa market and is sourced from a 2013 article by Jose Daniel Reyes and Julia Oliver, which utilized data from the Food and Agriculture Organization of the United Nations' FAOSTAT Database.

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Data illustrates the significant market changes for quinoa over a ten-year period due to rising demand. Figures 8.13a and 8.13b reveal that the price of quinoa tripled, and production nearly doubled. Furthermore, Figure 8.13c highlights the magnitude of the demand increase, showing that expenditures on quinoa imports surged from \$2.4 million to \$43.7 million. [7, 8]

Market Impact of Increased Quinoa Demand (Figures 8.13a, 8.13b, 8.13c)

To cite the ebook, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/.

To cite a unit, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/ Unit [unit number] (url).

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Figure 8.13b - Quinoa Producer Prices

Figure 8.13a is a dataset illustrating the production of quinoa. The data shows that in the ten years following the start of the 21st century, quinoa production nearly doubled in response to increased global demand.

Figure 8.13a: The Production of Quinoa

Figure 8.13c is a chart that serves as a reproduction illustrating the global import demand for quinoa. This visualization is derived from a 2013 article by Jose Daniel Reyes and Julia Oliver, which utilized data from the Food and Agriculture Organization of the United Nations' FAOSTAT Database. It specifically shows that total spending on quinoa imports rose dramatically from \$2.4 million to \$43.7 million between 2001 and 2011.

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