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Colombia’s food and beverage industry decreased by two percent in 2023 due to stagnating economic growth.
South Africa’s corn crop in marketing year 2023/24 has been affected by an El Niño induced mid-summer drought, resulting in an expected drop of more than 15 percent in crop volume.
The South African ports have been overwhelmed with challenges in the past few years, causing delays in operations and financial losses. In 2022, the Container Port Performance Index by the World Bank ranked the port of Durban 341 out of 348 ports in the world and the Port of Cape Town was ranked 344.
In market year (MY) 2024/2025, Colombia’s corn production is forecast to decrease to 1.5 million metric tons (MMT) influenced by lower domestic corn prices and dissuading farmers from expanding corn cultivation.
In February 2024, U.S. exporters regained market access to the Colombian poultry market, valued at over $100 million annually.