Colombia: Grain and Feed Update

  |   Attaché Report (GAIN)   |   CO2021-0022

In MY 2021/22, Colombian corn, rice, and wheat demand are forecast to recover as Colombia returns to pre-pandemic economic growth levels. In MY 2021/22, corn production is forecast to increase to 1.5 million MT driven by higher prices, while rice production is forecast to decrease to 1.8 million MT due to low domestic prices. Colombia's rice imports will be insignificant compared to past years, due to large domestic production in MY 2020/21 and low domestic prices that caused a 93 percent non-allocation of the U.S. rice tariff-rate quota in 2021. In MY 2020/21, U.S. market share of Colombian corn and wheat imports has been hurt by the strong U.S. dollar, high international prices, and increased competition.

Related Reports

Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Rice export prices increased slightly despite the weakening of the Thai baht.
Attaché Report (GAIN)

South Korea: Grain and Feed Update

This report provides updates to the Korea Rice Production 2022 report issued by FAS/Seoul on June 28, 2022, based on new data released by the Korean Ministry of Agriculture, Food, and Rural Affairs (MAFRA) in December 2022.
Attaché Report (GAIN)

China: Offloading Old Stock Rice Through Annual Auction

The People’s Republic of China (PRC) will re-start old crop rice auctions for feed use beginning in March 2023 to rotate out older stocks, to provide grain alternatives, and to temper rising feed grain prices.