Browse Data and Analysis

This is a weekly report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.

This report serves as a road map for U.S. companies exporting to Ecuador. While Ecuador is a challenging market for U.S. food and agricultural products, it is also one of opportunities. Domestic production cannot meet consumer demand, necessitating continued imports.

The retail industry is an important component of Ecuador’s economy. The 2022 forecasts for retail food sales is $24.9 billion and for consumer expenditures on food, beverages, and tobacco is $15.9 billion. Excellent sales prospects exist for U.S. food products to supply this sector.

On November 26, 2020, the Ministry of Fisheries and Livestock enacted the Fisheries and Fisheries (Inspection and Quality Control) Act 2020 to enforce new laws reflecting the repealed provision of the Fish and Fish Products (Inspection and Quality Control) Ordinance 1983.

On April 24, 2018, the Ministry of Agriculture issued the Plant Quarantine Rules 2018 to protect domestic plants and plant products from foreign invasive insects and pests. The Rules shared formats for import permits, phytosanitary certificates, and import permit applications.

This is a weekly report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.

On June 9, 2020, the Seed Division of the Ministry of Agriculture released the Seed Rules 2020. The Rules cover the functions and responsibilities of the National Seed Board, seed laboratories, seed inspectors, seed analysts, and seed dealers, as well as the rules and procedures for seed sampling, certification, and registration or release of crop varieties.

On November 14, 2018, the Ministry of Fisheries and Livestock enacted the Fish Quarantine Act 2018 which issues provisions regarding pathogens and quarantine of fish and fish products. The Act covers the fish quarantine authority; import permits, controls, restrictions, bans, and detentions; and fish pathogen restrictions and elimination.

For marketing year (MY) 2022/23, Post forecasts cotton harvested area and production at 45 thousand hectares and 153 thousand bales, respectively. Post reduced Bangladesh’s cotton import forecast for MY 2022/23 to 8 million bales on high international raw cotton prices, reduced garment production due to a domestic power shortage, and the slowdown of the world economy.

The Government of Bangladesh has demonstrated a willingness to adopt and implement a modern agricultural policy framework and guidelines which support the safe and appropriate use of science and technology, including biotechnology, to help meet agricultural challenges.

This is a weekly report outlining the prices of agricultural commodities in Bangladesh, as well as major trade and policy updates.

The legal and regulatory situation to allow the planting of genetically engineered (GE) crops in Ecuador remains relatively the same as 2021. Commercial cultivation of GE crops is not permitted, however cultivation for research is allowed and an exception exists for GE products without recombinant or foreign DNA in the genome. A ruling by Ecuador’s Constitutional Court in early 2022 now makes it more difficult for the President to authorize exceptions to the GE ban.