The Food and Agriculture Organization of the United Nations is the entity that provides the FAOSTAT Database, which was the underlying source for data on the quinoa market.

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The information on the quinoa market is sourced from the March 19, 2013, article 'Quinoa: The Little Cereal That Could' by Jose Daniel Reyes and Julia Oliver, published in The Trade Post. The underlying data for the article was drawn from the FAOSTAT Database, provided by the Food and Agriculture Organization of the United Nations.

Source of Quinoa Market Data (Reyes and Oliver, 2013)

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).

CORE Econ - The Economy 2.0: Microeconomics

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]

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