Producers and industrialists in Ecuador set the price of a quintal of soybeans at $30

Published Sep 13, 2022

Tridge summary

Soybean producers and the balanced food industry in Ecuador have agreed to set a minimum support price of soybeans at US$30 per quintal for the 2022-2023 campaign. The agreement was reached during the Soybean Consultative Council in Guayaquil. The ministry will now work with producers to promote soybean planting and encourage the processing of soybeans for the balanced feed manufacturing industry. Soybeans are a crucial protein source for balanced feed, which is used in the production of animal protein such as poultry, pigs, table eggs, and shrimp.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After two years, representatives of soybean producers and the balanced food industry agreed to set a new minimum support price per quintal of this product. The new value is 30 dollars. The agreement was reached during the Soybean Consultative Council, held last Friday in Guayaquil. Representatives from the Association of Agricultural Producers Los Ríos (APAR), the Tierra Fértil Association, the New Zapotal Agricultural Production Association (Asopronuzapotal), the El Roble Autonomous Montubios Association, the El Rosio Association, the Ecuadorian Association of Manufacturers of Balanced Animal Feed (AFABA) participated. ), the Association of Producers of Balanced Food (Aprobal), the Poultry Cluster and the National Agricultural Forum of Ecuador (Fonagro), according to the Ministry of Agriculture and Livestock at a press conference. The Undersecretary of Agricultural Marketing of the Ministry of Agriculture and Livestock, Óscar Torre, also intervened. He stated that the entity will ...

Source: Expreso