Ecuador: Grain and Feed Annual

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. Corn consumption and wheat imports will remain similar to last market year, based on reduced growth in the livestock and aquaculture sectors. Rice production is forecast to fall slightly on reduced planted area due to the El Nino weather pattern. The decision from the Ministry of Agriculture to authorize rice imports to control price speculation and cover a production deficit was positive for consumers and processors, but negatively affected intermediaries. Corn, rice, and wheat all showed increases in yields. Imports of the three crops show new suppliers like Brazil and Uruguay, with higher quality and affordable prices.