Ecuador: Grain and Feed Annual
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. Corn consumption remains similar to 2021 levels, based on high poultry and aquaculture production. Wheat imports continue increasing in direct relation to shrimp and poultry production. Other sectors, such as bread and pasta production, maintain the consumption of this grain. Rice production remains similar due to a slight increase in planted area and a reduction in yield. The closure of the Colombia border, due to trade disputes, has negatively affected rice exports and suppressed local prices due to larger supplies in-country.