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In 2023, the Government of Ecuador continued to support floor prices for local production of corn, rice, and wheat, but has reduced subsidies for fertilizers, pesticides, and minor equipment for small producers.

In 2022, the Government of Ecuador continued to support floor prices for local production of corn, rice, and wheat as well as began subsidizing the price of fertilizers for small producers.

Post forecasts that consumption and imports of corn, wheat and rice in Malaysia will slightly increase in Marketing Year (MY) 2023/24, in line with population growth and normalization of the market.

Post forecasts that consumption of corn and wheat in Malaysia will marginally increase in Marketing Year (MY) 2022/23, assuming an eventual stabilization of commodity prices following the disruption caused by the crisis in Ukraine.

The Government of Ecuador continues defining the yearly minimum price for local production of corn, rice, and wheat. The Minister of Agriculture supports the reduction of corn area and the shift to other crops that are mainly focused on the export market.

Post forecasts that consumption of corn and wheat in Malaysia will gradually rebound in marketing year 2021/22 with rice consumption slightly down as consumers return to eating outside the home.

The Government of Ecuador has fully eliminated the support program for corn production, but continues to define the yearly minimum price for producers

Post expects MY 2020/21 corn imports to reach 4.08 million metric tons (MT) due to steadily growing demand for poultry feed. MY 2020/21 wheat imports are expected to increase only slightly...

Uncertainty of government corn policies and price support mechanisms contributed to decreased production with farmers retiring or shifting to more profitable crops.

Post expects MY 2019/20 corn imports to reach 4.15 million metric tons (MT), up 4 percent from the previous year, due to steadily growing demand for poultry feed.

As Ecuador’s economy stabilizes and becomes more open to trade, wheat consumption is expected to trend upward.

For 2017/18, total overall imports of corn into Malaysia are forecast to increase to 4 million tons.