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LatinNews Regional Monitor: Andean Group - 17 May 2019

TRACKING TRENDS

ECUADOR | Cacao boom on the horizon. On 8 May the head of the national department of planning and development (Senplades), Juan Carlos Proaño, presented a ‘plan to improve competition’ (PMC) for cacao and related products, such as chocolate, making improvements to production and export. Changes in the industry’s productive matrix will result in “planting 720,000 hectares of crops, selling 500,000 tonnes of product on the stock market, and the export of 20% of prepared and semi-prepared products, thus doubling exports in the next seven years,” Proaño said.

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