Geopolitics

Rice sector could place surplus production in Chile after trade agreement

Colombia has been the traditional stronghold to place the Ecuadorian rice surpluses which has been conditional on the opening of contingents. The recently negotiated trade agreement between Ecuador and Chile opens the possibilities for national rice producers to place part of their production in that market. Chile has a per capita rice consumption of 10 kilos, while Ecuador has 50 kilos. Within the treaty that was signed last week with Chile, Ecuador obtained quotas to be able to enter products such as rice, corn and sugar into that market.

Source: El Productor