Ecuador: It was not possible to buy rice from Colombia

Time ran out and the imported Colombian rice did not arrive as announced by the Ministry of Agriculture. The strategy of bringing foreign grain was to lower the price of a pound of grass in the Ecuadorian market, which was sold for up to 0.62 dollars when it previously cost 0.32 dollars. The reason why the rice could not be bought from Colombia is that it had a low volume and a high price, "they offered between 43 and 45 dollars per quintal, and due to the low quality we had to reprocess it, this increased the price by 10 % to 15%; which implied that the quintal in the national market would be above 50 dollars. Then the purpose of importing the rice to lower the price for the final customer was not fulfilled," he told Diario EXPRESO Juan Pablo Zúñiga, president of the Corporation of Rice Industrialists of Ecuador (Corpcom). These days the procedure is being carried out with Uruguay, it is not yet known what volume it will be able to sell to Ecuador or at what price. The ...