Corn is paid above the minimum support price in Ecuador

Published 2023년 4월 26일

Tridge summary

Ecuador is paying more for corn due to higher international costs. The price is above the set minimum support price of $15.57, reaching $17.50. This situation is a result of law that adopts international prices. A group of corn producers recently protested, requesting a halt on corn imports, which was done according to a 2022 study. The Ministry of Agriculture has confirmed that only the agreed amount of corn has been imported. Producers are set to meet with authorities to discuss issues such as product pricing.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The bag of corn in Ecuador to date, Wednesday April 26, 2023, the bag of hard corn is being paid above the minimum support price. $17.50 is canceled when the cost agreed by the Ministry of Agriculture is $15.57. Why are you currently paying two dollars more? "The price of a bag of corn is paid more in the country when the international cost is higher than the national one and then by law the international one governs," Jorge Josse, executive director of the Association of Balanced Food Producers (Aprobal) explained to Diario EXPRESO. . Days ago there was a protest by a group of corn producers asking that no more imports of the product be made, but this is done according to a study that was carried out at the end of 2022, according to Josse. He added that by law every year between October and December meetings are held to determine the deficit and the amount of hard corn that must enter the country. "This was determined in 2022 and it is the import that was made, in the amount ...
Source: Expreso

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