Ecuador: Gremio warns of possible increase in the price of chicken meat and eggs

With the warning of a possible increase in the price of chicken meat and eggs, the poultry farmers' union (Conave) called on November 27, 2023 to the Government of President Daniel Noboa to review a tax that was recently applied to the sector. . The unrest occurs because in September 2023 the administration of the former president, Guillermo Lasso, decided to apply the collection of 12% of the Value Added Tax (VAT) on the import of breeding birds. This is the material that is imported for the production of chicken meat and table eggs, which are the two cheapest and most affordable proteins in Ecuador. According to Conave, this tax has "an impact of USD 3 million annually that will directly affect the pocket of the Ecuadorian consumer." Although the Ministry of Agriculture and the Internal Revenue Service (SRI) have opted to apply a ...