Colombia: Grain and Feed Update
Link to report:
In marketing year (MY) 2024/2025, Colombia’s corn production is projected to remain at 1.5 million metric tons (MMT), 6 percent lower year-on-year. This stagnation is attributed to declining domestic corn prices, which have discouraged farmers from expanding corn cultivation. Milled rice production is increased to 1.98 MMT, as favorable weather conditions and a slow price recovery supported moderate rice cultivation gains. Corn imports are expected to increase, driven by higher demand from the animal feed sector and moderate economic growth. The United States has vastly increased its market share in Colombia, benefiting from higher duties imposed on Mercosur countries under the Andean Price Band System. Since 2023, U.S. corn enjoys duty-free entry into Colombia under the U.S.-Colombia Trade Promotion Agreement. Colombia's rice and wheat imports are also projected to grow in MY 2024/2025, in line with higher consumption levels.
