Colombia: Grain and Feed Annual
In marketing year (MY) 2022/23, Colombia's corn and rice production are forecast to marginally decrease from the previous year as a result of lower crop productivity due to rising prices of fertilizers and potential supply disruption of these inputs. Although, Colombia's economy is projected to continue growing in 2022, after a GDP growth of 10.2 percent in 2021, uncertainty and increasing commodity prices will reduce corn and wheat imports, which are projected to remain flat in MY 2022/23. Rice imports are forecast to reach 160,000 MT in MY 2022/23 driven by lower domestic production. The United States continues to be the main supplier for Colombian importers of corn and rice given trade preferences in the U.S.-Colombia Trade Promotion Agreement (CTPA) and geographical advantages. In MY 2022/23, wheat imports are forecast to decrease due to high international prices. Competition with Canada continues to be the most significant challenge to U.S. wheat.