The $35.05 price of sugar cane remains in Ecuador

Published 2022년 10월 11일

Tridge summary

The Ministry of Agriculture in Ecuador has reiterated the requirement for sugar mills to pay a minimum support price of 35.05 dollars per ton of sugarcane to producers, as established in Ministerial Agreement 047-2022. This directive aims to address concerns following a judicial suspension of the price increase, which is currently under appeal. The ministry's stance aims to ensure fair compensation for cane producers, while the National Federation of Sugar Producers of Ecuador is set to provide a formal response, challenging the judicial suspension and highlighting the necessity of the agreed minimum support price.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The sugar industry received a letter from the Ministry of Agriculture highlighting that the minimum support price per ton of cane is in force and is mandatory. The price that must be paid to producers is 35.05 dollars. The letter is signed by the Deputy Minister of Rural Development, Walter Weber, and explains that the validity and legal effects of Ministerial Agreement 047-2022 have not been suspended by the judicial resolution issued by the judge of the Yaguachi canton, since said resolution It is appealed and the same resolution provides that the sentence will not enter into force until it is executed. At the end of June 2022, the Ministry of Agriculture announced that the minimum support price per ton of sugarcane went from 31.70 to 35.05 dollars. It is precisely the month when the harvest began, in August the producers complained that the sugar mills were not complying with the payment of 35.05 dollars. After the ministry indicated that it would pay using the tools provided ...
Source: Expreso

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