Ecuador: Sugar Annual
Link to report:
Sugar production in marketing year MY 2022/23 is forecast to decrease to 530,000 MT, down five percent from the MY 2020/21 estimate, due to fertilizer and pesticide price increases during 2021, and despite a slight increase in planted area of 1,000 hectares. Domestic consumption is forecast to remain stable with considerable increases expected in the coming years following the world trend. Ethanol production and a possible increase in the ethanol blend rate could help to absorb some excess sugar supply.
