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This report outlines Ecuador’s requirements for food and agricultural product imports.
The food processing industry is a huge component of Ecuador’s manufacturing sector. In 2017, the sector contributed $6.3 billion to Ecuador’s gross domestic product and grossed $10.5 billion.... .
As Ecuador’s economy stabilizes and becomes more open to trade, wheat consumption is expected to trend upward.
On June 1, 2017, Ecuador’s National Assembly approved the “Organic Law on Agrobiodiversity, Seeds and Promotion of Sustainable Agriculture.”
On August 17, 2018, Ecuador’s President Lenín Moreno appointed Xavier Lazo as Minister of Agriculture and Livestock (MAG).
During market year (MY) 2017/18 (April/March), Ecuador’s domestic bean production increased due to better than expected results in the recovery of old plantations and the addition of new cultivars.
The food processing industry is a huge component of Ecuador’s manufacturing sector, grossing $5.9 billion in 2016.
Sugar production in marketing year (MY) 2017/18 returned to regular levels after a record setting level in MY 2016/17 the result of carry-over of cane not harvested the previous year.
As Ecuador’s economy recovers and domestic corn prices remain high, consumption of wheat and rice increased in 2017/18.
On January 1, 2017, Ecuador’s entry into the European Union’s Andean Multiparty Trade Agreement took effect.
Ecuador is a promising market for the expansion of the demand for ethanol.
This report outlines Ecuador’s requirements for food and agricultural product imports.