The minimum support price per quintal of wheat will increase in Ecuador. The grass base price will increase from $22, which is currently in place, to $24 following an agreement reached at the Wheat Chain Advisory Council, held on September 27, 2023.
The agreement on the new price was announced by the Ministry of Agriculture and Livestock (MAG) on its X account last Wednesday afternoon. “The price was determined by consensus by the production and industrial sectors. To do this, they analyzed the production costs presented by each sector,” MAG reported.
A wheat harvest ritual that refuses to disappear in a community in Quito
Regarding the entry into force of this new price, the State Portfolio reminded that the minimum support prices enter into force after the signing of the corresponding ministerial agreement and that they are changed or concluded within the same legal instrument.
#Quito l Deputy Minister @PaulNunezAnton held a meeting with representatives of the Wheat Chain Advisory Council. We reach agreements:
🌾Price per quintal USD 24
🧾Producers must present a wheat producer registration certificate authorized by #MAG. pic.twitter.com/Y2q7gpkGnJ— Agriculture and livestock Ecuador 🇪🇨 (@AgriculturaEc) September 27, 2023
Paúil Nuñez, Deputy Minister of Agricultural Production Development, was in the Advisory Council where, apart from the price, other consensuses were reached, such as that producers must present a certificate of wheat producer registration approved by the MAG.
Source: Eluniverso
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