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Uncertainty of government corn policies and price support mechanisms contributed to decreased production with farmers retiring or shifting to more profitable crops.
Ecuador extended its tariff exemption for soybean meal and wheat imports from all origins for five years, effective January 1, 2020.
Sugar production in marketing year (MY) 2017/18 returned to regular levels after a record setting level in MY 2016/17 the result of carry-over of cane not harvested the previous year.
As Ecuador’s economy recovers and domestic corn prices remain high, consumption of wheat and rice increased in 2017/18.