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Ecuador’s tuna fishery in 2015 is staring at lower prices. Prices are suffering due to oversupply, reportedly driven by overfishing, at a time of weakening demand for tuna and tuna products...
FAS Quito estimates that Ecuador’s calendar year (CY) 2015 shrimp production to reach 350,000 metric tons (MT), up 10,000 MT or an increase of three percent compared to 2014.
Ecuador maintains anti-biotechnology laws and regulations.
On May 13, 2015, Ecuador President Rafael Correa signed Executive Decree 675. The decree doubles to ten percent the ethanol blend rate in Ecuadorian regular grade (87-octane) gasoline.
Ecuador’s COMEX Resolution 011-2015 (March 6, 2015) will have a significant impact on U.S. consumer-oriented export products such as beef, pork, confectionary, and fresh fruits.
Ecuador’s wheat production in marketing year (MY) 2015/16 (July-June) is forecast to reach 5,000 metric tons (MT), down about 1,000 MT from the MY 2014/15 estimate.
The Andean Community of Nation's (CAN) issued Resolution 1762 on February 8, 2015, establishing that Ecuador is not authorized to impose import safeguards for goods originating from Peru and Colombia.