Ecuador: Sugar Annual
Sugar production in marketing year (MY) 2016/17 set a record high of 653,000 metric tons due to carry over of cane not harvested the previous year. Production in MY 2017/18 is forecast to return to normal level –heavy rains in early 2017 might affect area harvested and conversion rates. Domestic consumption is forecast to decrease by a combined 12% in MY 2016/17 and MY 2017/18 due to labeling and tax policies. Ecuador will trade small volumes of sugar to balance domestic supply and demand.