Colombia: Grain and Feed Update

Although the United States continues to be the main sourcing option for Colombian importers of corn and rice in marketing year (MY) 2020/21, it may face competition from South American exporters when prices and preferential duty treatment are favorable under the Andean Community of Nations (CAN) and Mercosur Agreements. The Covid-19 pandemic prompted shifts in consumption patterns that resulted in increasing imports of rice and wheat to supply a strong surge in demand for non-perishable products. Local production of grains could be impacted if La Niña weather phenomena materializes towards the end of 2020 and the beginning of 2021. Revised production estimates for corn and wheat are down given adverse weather conditions, while rice production is estimated to increase driven by high local prices.

Colombia: Grain and Feed Update