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- (-) March 2024
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Colombia’s food and beverage industry decreased by two percent in 2023 due to stagnating economic growth.
FAS Manila forecasts MY 2024/25 milled rice production will increase to 12.125 million MT as the country emerges from the current El Nino and government spending on inputs and machinery contributes to increased yield.
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.