The price of a ton of sugarcane in Ecuador goes back by court order

Published 2022년 8월 19일

Tridge summary

The article highlights a legal dispute over Ministerial Agreement No. 047 in Ecuador, which aimed to increase the price paid for sugar cane, benefiting producers. However, a judicial decision has reversed the agreement, leading to a drop in cane prices, causing concern for small producers and the agribusiness sector. The Ministry of Agriculture and Livestock, along with sugarcane growers, refutes the ruling, stating it undermines small producers and argues for its legality. The situation is further complicated by rising costs of inputs like urea, challenging the financial stability of mills and threatening thousands of jobs in the sector. A pending appeal seeks to rectify this situation, underscoring the complexities of agricultural pricing policies and their broader economic implications.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The industrialists manage to push back the price of a ton of sugar cane. The Ministry of Agriculture and Livestock informs that, before the judicial decision that annulled Ministerial Agreement No. 047, the pertinent appeal was filed and a hearing date is expected to substantiate it. It is important to underline that this agreement made it possible to improve the price that mills pay to cane producers. "We are respectful of the legal framework and the justice administration system, but what was resolved in a court in Yaguachi directly harms hundreds of small producers and sugar cane workers. We will insist on legal action to protect the interests of the most vulnerable sectors of the production chain", indicates the State Portfolio in a statement. According to the bulletin, the sugarcane growers and industrialists of the branch participated in consultative tables in which a consensus was reached on the production costs. This consensus served to make the decision to pay a price of ...
Source: Expreso

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