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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.
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.
FAS Quito forecasts Ecuador’s calf production growing to 1.01 million head in calendar year (CY) 2016, up some 20,000 head or about two percent compared to 2015’s level.
Working with Ecuador’s National Association of Manufacturers of Food and Beverage (ANFAB), FAS Quito organized three back-to-back workshops in the cities of Guayaquil, Cuenca, and Quito.