AGP Executive Report

Shrimp Costs: Ecuador’s shrimp producers warn that new industrial electricity tariffs—up to $0.35 per kilowatt-hour, from an average $0.12—alongside higher fuel and feed costs threaten jobs and competitiveness. Healthcare Technology: Italy’s Dedalus has begun a seven-year, $117 million project with CNT to digitize Ecuador’s healthcare system. Mining: Titan Minerals reported broad gold, silver and copper mineralization at its Dynasty project, with a resource estimate update planned for early 2027. Power Shortages: Businesses face extended electricity disconnections amid a worsening energy crunch; Colombia has also ended electricity transfers to Ecuador. Oil and Cocoa: Ecuador has revived plans for an Amazon oil auction, while cocoa prices climbed amid weather concerns in the country and other major growing regions.

Mining: Titan Minerals reported near-surface gold, silver and copper at its Kaliman target in Ecuador, with mineralisation open along strike and at depth. The results could support a resource estimate update planned for early 2027. Cocoa: Prices climbed to a one-month high as weather concerns in Ecuador added to supply worries for the world’s third-largest grower. Oil Exports: Record tanker costs are weighing on the region’s heavy crude trade; Ecuador’s Oriente grade recently fell to about $76 a barrel before rebounding above $84. Fresh Produce: Ecuadorian dragon fruit producer Tierra Suelta is targeting peak-season promotions from October through February, with several varieties available. Industry & Energy: Ecuador’s power shortages have forced industrial rationing, with cuts reaching 72 hours a week for some businesses. Meanwhile, Maqtec marked 25 years representing Arburg injection-moulding technology in Ecuador and other Latin American markets.

Agrifood Exports: Ecuadorian dragon fruit producer Tierra Suelta is entering its October–February peak season, giving retailers fresh volumes for fall and winter promotions. Power Crunch: Drought-driven shortages have pushed industrial electricity rationing to 72 hours a week; Colombia has also halted power transfers to Ecuador, while the government ordered the largest businesses to disconnect. Cargo and Mining: Emirates is adding seven weekly cargo flights serving Ecuador, while Lundin Gold reported record quarterly production of 153,736 ounces at Fruta del Norte. Shrimp Trade: Ecuadorian processors say high costs remain a challenge as the industry works to open new export markets.

Power Crunch: Ecuador has raised industrial electricity rationing to as much as 72 hours a week as drought drains generation, while Colombia has suspended power exports. The cuts are adding pressure on businesses and production. Agriculture and Exports: Banana exports rose 9.61% year over year to 282.28 million boxes in January–August, but the sector faces climate, plant-health and logistics challenges. A study also finds extreme rainfall can sharply damage cocoa yields in Ecuador and other major producing countries. Mining: Lundin Gold reported record quarterly production of 153,736 ounces at its Fruta del Norte mine. Weather Risks: Flooding in Molleturo damaged at least 14 homes, underscoring the local threat as El Niño conditions intensify.

Cocoa Outlook: Extreme rainfall may damage flowers and young pods, disrupt pollination and spread fungal disease, a study using data from Ecuador and two other major producers finds. Better forecasting could help farmers prepare for El Niño-related conditions. Bananas: Ecuador exported 282.28 million boxes in January–August, up 9.61% year over year, with August setting a monthly record. The industry’s upcoming Banana Time forum will focus on productivity, plant health and climate challenges. Power Crisis: Electricity cuts of up to 72 hours a week are hitting large businesses as generation falls; Colombia has also suspended power exports to Ecuador. Business leaders warn prolonged outages threaten companies and jobs. Mining and Seafood: Lundin Gold reported third-quarter production of 153,736 ounces at Fruta del Norte. Meanwhile, Ecuadorian shrimp processors are facing cost pressures and seeking new markets.

Power Crunch: Ecuador’s drought-driven electricity shortages are pushing the government to impose up to 72 hours of weekly disconnections on large businesses. Industry leaders warn the cuts threaten operations and jobs, and say households and businesses should share the burden. Colombia has also suspended power exports to Ecuador over supply concerns. Air Cargo: Emirates SkyCargo added a weekly freighter service to Quito, bringing its Ecuador schedule to six flights a week and expanding export capacity. Tuna Trade: A Pacific fisheries agency report warns criminal networks are exploiting fishing vessels and seafood shipments to move cocaine. Ecuador’s large tuna export flows and maritime routes are flagged as vulnerable to illicit cargo. Mining: Lundin Gold reported record quarterly output of 153,736 ounces at its Fruta del Norte mine, its strongest production quarter to date.

Power Crunch: Ecuador has raised industrial electricity rationing to 72 hours a week as drought drains reservoirs and cuts hydro output. Manufacturers and large agricultural businesses warn the outages threaten production, jobs and, for shrimp exporters, the cold chain; business leaders are urging the government to share the burden more widely. Fisheries: A strengthening El Niño is expected to shift tuna grounds and catch rates across the Pacific through 2026 and into 2027, adding uncertainty for Ecuador’s fishing sector. Air Cargo: Emirates SkyCargo added a weekly freighter to Quito, bringing its Ecuador service to six weekly flights and expanding export links to global markets. Mining and Energy: Lundin Gold reported record quarterly production at its Fruta del Norte mine, with 153,736 ounces in Q3. Gran Tierra shareholders also approved the sale of its Colombian and Ecuadorian businesses in a $1.33 billion deal.

Power Crunch: Ecuador will impose 72 hours of weekly outages on large industrial users from Oct. 12 as drought drains the Mazar reservoir and cuts hydro output. Major consumers have already been ordered offline, while Colombia has halted electricity exports to Ecuador. Shrimp and other cold-chain producers warn the disruptions threaten output and raise costs. Mining: Lundin Gold reported record third-quarter production of 153,736 ounces at Fruta del Norte, a bright spot for Ecuador’s export sector. Energy Deals: Gran Tierra shareholders approved the sale of its Colombian and Ecuadorian businesses in a $1.33 billion transaction; the company expects $315 million in cash. Shrimp Exports: Ecuadorian processors are grappling with higher costs and seeking new overseas buyers, while Omarsa expands in Europe by acquiring Nueva Pescanova’s French refrigerated-products division. Food Industry: Efforts to regulate industrial trans fats could bring changes for packaged-food makers as Ecuador seeks to keep them off store shelves.

Industrial Power: Ecuador has ordered three weekly outage days—72 hours total—for large industrial users from Oct. 12 as drought drains hydroelectric reserves. Authorities have already ordered high-energy businesses to disconnect, raising concerns over production and shrimp cold chains. Oil & Gas: Gran Tierra shareholders approved the $1.33 billion sale of its Ecuadorian and Colombian businesses to Maurel & Prom; the company expects about $315 million in net cash proceeds. Mining: Lundin Gold reported record quarterly production at Fruta del Norte, with 153,736 ounces in Q3. Aquaculture: Ecuadorian shrimp processors are facing higher costs, while Omarsa is expanding its reach through the purchase of a French refrigerated-products division. Regional Logistics: Panama’s canal kept operating normally after a major earthquake, with inspections causing no disruption to ship traffic.

Industrial Power: Ecuador will impose 72 hours of weekly outages on large industrial users from Oct. 12 as drought cuts hydropower supplies. Colombia has also suspended electricity exports to Ecuador, adding pressure on manufacturers and shrimp producers that rely on steady power and cold chains. Oil and Gas: Gran Tierra Energy shareholders approved the US$1.33 billion sale of its Ecuadorian and Colombian businesses to Maurel & Prom. Gran Tierra expects about US$315 million in net cash proceeds. Mining: Lundin Gold reported record quarterly production of 153,736 ounces at Ecuador’s Fruta del Norte mine, its strongest quarter to date. Shrimp Exports: Ecuadorian processors are facing higher costs as the industry seeks new markets; a proposed US tariff increase could add another hurdle for the country’s major export sector.

Oil and Gas: Gran Tierra shareholders approved the US$1.33 billion sale of its Ecuadorian and Colombian businesses to Maurel & Prom. The company expects about US$315 million in net cash proceeds. Mining: Lundin Gold’s Fruta del Norte mine posted record third-quarter production of 153,736 ounces, keeping it on track to meet its 2026 target. Shrimp Exports: New weekly price benchmarks for Ecuadorian vannamei shrimp bound for Europe aim to improve market visibility; Spain, France and Italy bought about US$1.26 billion of the product in 2025. Power and Climate: Colombia has suspended electricity exports to Ecuador as the World Bank warns the country is highly exposed to El Niño. Flooding has already caused agricultural losses in three provinces. Regional Logistics: A 7.7-magnitude earthquake struck Panama, but shipping through the Panama Canal remained uninterrupted.

Mining: Lundin Gold’s Fruta del Norte mine set a quarterly record, producing 153,736 ounces of gold in Q3 as stronger grades and mill throughput lifted output. Shrimp: Ecuador’s fast-growing industry is seeking new export markets, while processors face rising costs; ProEcuador is working to connect exporters with buyers. Textiles: Trützschler expanded its service network in Ecuador, Peru and Colombia, giving mills more local technical support to improve production and quality. Energy: Colombia halted electricity transfers to Ecuador as El Niño threatens supply. The World Bank warns that floods, drought and power disruptions put industry, mining and agriculture at risk. Exports: Emirates SkyCargo reports Ecuador cargo volumes up 14%, with six weekly Quito flights and flowers accounting for more than 90% of its Ecuador shipments.

Gold Mining: Lundin Gold’s Fruta del Norte mine produced a record 153,736 ounces in the third quarter, up from 122,086 ounces a year earlier, as stronger grades and mill throughput lifted output. Shrimp Exports: Ecuador’s fast-growing shrimp sector is seeking new buyers as production expands; processors also face rising costs and a proposed U.S. tariff increase. Air Cargo: Emirates SkyCargo reports Ecuadorian export volumes up 14% year on year, with six weekly Quito flights and capacity for about 600 tonnes—mostly flowers. Textile Manufacturing: Trützschler has expanded local card-clothing services in Ecuador, Peru and Colombia to give mills faster technical support. Power and Agriculture: Colombia has suspended electricity exports to Ecuador over supply concerns, while flooding in Esmeraldas and other provinces has caused agricultural losses.

Seafood: Ecuadorian shrimp processors at Spain’s Conxemar trade show say rising costs are squeezing the sector. Omarsa has expanded by acquiring Nueva Pescanova’s French refrigerated-products division, while a U.S. senator is pushing higher tariffs on Ecuadorian shrimp, adding trade pressure. Power and Industry: Colombia has halted electricity exports to Ecuador as El Niño raises shortage risks. Ecuadorian large firms also face power cuts of up to 72 hours as hydro levels fall, threatening production. Agriculture: Flood emergencies in Esmeraldas and two other provinces have brought mounting farm losses, with El Niño adding risks to food supply chains. Trade and Resources: Ecuador is in talks with India on crude oil, copper and critical-mineral sales, seeking new export markets.

Power Supply: Colombia has formally suspended electricity exports to Ecuador over El Niño-related shortage risks; cross-border flows had already stopped in September. Ecuador’s business power cuts have also been extended, although recent rains boosted generation at Coca Codo Sinclair and raised Mazar reservoir levels. Agriculture and Fisheries: Flooding has prompted an emergency in Esmeraldas as farm losses spread across three provinces. Along the coast, unusually warm waters are pushing fish offshore and leaving Ecuadorian fishing boats with smaller catches. Oil and Minerals: Ecuador is in talks with India to sell crude, copper and other critical minerals, and plans to launch a new oil auction by year-end. Shrimp: A U.S. senator is pushing higher tariffs on Ecuadorian shrimp, while local producer Omarsa has acquired Nueva Pescanova’s French refrigerated-products division.

Fisheries: El Niño-driven ocean warming is pushing tuna and anchovies away from Ecuador’s coast, leaving Santa Rosa crews with smaller catches and some boats idle. Water Management: Ecuador has completed its delegations for binational water committees covering the Zarumilla and Puyango-Tumbes basins, bringing government, community and Indigenous representatives into shared watershed planning. Energy: New tax exemptions aim to spur private investment in power generation and storage, while recent rains have lifted output at Coca Codo hydro and raised the Mazar reservoir. Trade and Resources: Ecuador is discussing crude oil, copper and critical-mineral sales with India, which is also being invited to invest in the country’s energy and mining sectors. Agriculture: Flooding in Esmeraldas has damaged farms, homes and livestock, with thousands affected as El Niño risks mount. Organic banana supply remains steady, but higher ocean freight is adding costs for Ecuadorian exporters. Seafood Trade: Shrimp processor Omarsa has acquired Nueva Pescanova’s French chilled-products business, while a proposed U.S. tariff increase threatens Ecuador’s shrimp exports.