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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.
On February 28, 2023, Argentina’s National Agri-Food Health and Quality Service (SENASA) self-suspended poultry exports following the detection of Highly Pathogenic Avian Influenza (HPAI) in commercial poultry.
After three years of dry weather conditions which have challenged the Argentine beef cattle industry, Post estimates that Argentine cattle slaughter and beef production will both drop in 2023, in line with official USDA estimates.
Ecuador’s National Customs Service (SENAE) announced on February 2, 2023, that Distiller’s Dried Grains with Solubles (DDGS) will no longer be subject to a 12 percent value added tax.
Despite continued economic constraints, U.S. – Ecuador bilateral agricultural and related product trade rose to $4.5 billion in 2022. In addition, U.S. agricultural and related product exports to Ecuador reached a record $741 million.