Ecuador's Sugar Production to Increase with New Varieties24 April 2012
ECUADOR - Sugar cane production (centrifugal) for Marketing Year (MY) 2012/13 (June 2012/May 2013) will increase by approximately seven per cent mainly due to increases in the area planted and newer varieties coming into production.
Production for MY 2012/13 is forecast at 605,000 MT raw sugar value (RSV).
Sugar consumption has increased slightly on a per capita basis, between 35 and 37 kg of refined sugar.
Total official exports increased from 12,000 MT RSV in MY 2010/11 to 18,000 MT RSV in MY 2011/12. The increase was due to an increase in the US sugar quota. In MY 2010/11, Ecuador increased its imports of refined sugar to 85,000 MT RSV.
Ecuador is self-sufficient in refined sugar production. Sugar mills produce raw sugar only as necessary to fill the US Sugar TRQ, and it is usually the first sugar that is commercialised after the harvest in June or July.
After that, mills produce refined sugar for local consumption. Ecuador will decrease its current import and export levels of refined sugars in MY2012/13. Ecuadorian producers expect raw sugar exports to the United States to increase.
Sugar producers have considerably increased stocks in recent years in an effort to be hedged against high world prices and especially high prices in neighboring countries Colombia and Peru
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