There is an expectation that the price of rice will fall in Ecuador

The end customer expects the price of rice to drop, which has doubled since last June, going from 35 to 70 dollars per quintal of piled grass. There are three events that could generate the drop in cost: this month the local harvest began, 15,000 tons of food are already arriving little by little from Uruguay and the Phyto and Zoosanitary Regulation and Control Agency (Agrocalidad) is processing the permit to bring also the product from the United States. At this moment, a pound of rice in neighborhood stores sells for 0.50 dollars, it has dropped 0.20, because it was sold for up to 0.70 dollars in Guayaquil. According to a leader of the rice sector, the price of food still remains high in the Sierra. “The 100-pound bag for the final customer on the Coast is between 42 and 43 dollars, the problem is in the Sierra, there the quintal of grass is sold between 70 and 80 dollars, this does not depend on us; These are prices set by intermediaries. What I can assure is that there is rice ...