Sugar Annual Report, Ecuador – 30th April 2021
6th May 2021
Sugar production in marketing year (MY) 2020 is estimated to decrease by two percent compared to MY 2019 levels. Domestic consumption is forecast to remain stable with small reductions in the current and previous years due to COVID-19, which has caused a reduction in overall consumption due to economic and health issues. As sugar supply and demand finds an equilibrium, ethanol production and a possible increase in the ethanol blend rate could help to absorb some excess sugar supply.