The National Federation of Sugar Producers of Ecuador takes action to protect against the increase in the price of sugarcane

Published 2022년 8월 18일

Tridge summary

Ecuador's sugarcane producers have expressed dissatisfaction with the new minimum support price of sugar cane set by the Ministry of Agriculture, claiming it lacks technical support and increases costs for the agro-industrial sector by almost 11%. This dispute has led the National Federation of Sugar Producers of Ecuador (Fenazúcar) and five sugar mills to take legal action to nullify the agreement, aiming to protect their financial stability and thousands of jobs in the industry. The situation is critical, especially for smaller mills, as it threatens the sustainability of agribusiness and highlights the challenges faced by the sector since 2016, when two sugar mills ceased operations. The situation is further complicated by concerns over payment of the official price for sugar cane, leading to calls for government oversight.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After the sugarcane producers complained, through a letter to the Ministry of Agriculture, because the mills are not paying them the minimum support price of 35.05 dollars, the National Federation of Sugar Producers of Ecuador (Fenazúcar), says through a statement, that the industries do not agree with the new price set on June 26. A measure that they have rejected by establishing legal protection. "The five sugar mills of Ecuador, in defense of their legitimate rights, and in order to safeguard the thousands of jobs that depend on this activity, present a protection action as a legal measure, to nullify Ministerial Agreement 047 -2022," reads the guild bulletin. To expand on the subject, Diario EXPRESO requested an interview with the executive president of Fenazúcar, Laura Zurita, but refused to give an opinion on the matter. No, until there is the judge's ruling. The statement pointed out that the price, "imposed unilaterally by the Ministry of Agriculture and Livestock", lacks ...

Source: Expreso