Ecuador: Two months after the increase in the official price of cane, the mills failed to comply

Published 2022년 8월 3일

Tridge summary

The National Union of Cane Growers of Ecuador (UNCE) has reported to the Ministry of Agriculture (MAG) that the sugar industry is not paying the new minimum price of $35.05 per ton of cane, as set by the MAG in June. This issue could potentially impact small producers and the production forecast for 2023. The MAG is now set to conduct necessary controls. Meanwhile, the president of the National Sugar Federation, Laura Zurita, has been unreachable for comment. Small producers are worried and anticipate a swift official payment to avoid further financial losses.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The sugar industry fails to pay the official cost of a ton of cane to producers, as reported by the National Union of Cane Growers of Ecuador (UNCE) before the Ministry of Agriculture (MAG). This last portfolio has reported the fact to the Ministry of Government, so that the respective controls can be carried out. More than two months have passed since the MAG accepted the farmers' claim that the price had been frozen for about seven years and that, given the increase in the price of inputs, it was urgent to also determine a rise in the official price per ton of cane. Thus, by resolution, last June it was established that the ton would go from $31.70 to $35.05. On that date (June 26 of this year) the industrialists did not publicly express whether this increase would affect them. After the UNCE complaint, Diario EXPRESO contacted the president of the National Sugar Federation (Fenazul), Laura Zurita, to express the sugar mills' version, but apologized, indicating that she would be ...
Source: Expreso

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