Colombia: Grain and Feed Update
Link to report:
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.
