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- (-) April 2023
- (-) United Arab Emirates
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Ecuador's sugar production in marketing year (MY) 2023/24 is forecast to remain at 530,000 MT, the same as the previous year's estimate, despite a significant increase in planted area of sugar cane.
The United Arab Emirates' food processing sector continues to expand, bolstered by strong economic growth and local demand. There are over 568 food and beverage processors and manufacturers in the UAE, most of which are small to medium size.
Strong tourism, high petroleum rents, and an accompanying economic boom in the United Arab Emirates are forecast to grow the consumptive base and drive imports of wheat and rice higher in the coming marketing year.
The food processing industry is an important component of Ecuador’s manufacturing sector. This sector contributes 45 percent to Ecuador’s manufacturing gross domestic product and grossed $12 billion in net sales.