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Colombia’s economic recovery together with growing domestic livestock and poultry production are driving Colombia’s corn demand. With the rapid development of poultry and egg production in particular, corn consumption is projected to increase in market year (MY) 2025/2026 to support strengthening demand from the animal feed sector.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
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.
Adverse weather conditions and lower domestic prices will constrain Colombia's corn production in market year (MY) 2023/2024, which is estimated to remain flat at 1.5 million metric tons (MMT).
Located on the west coast of southern Africa, Angola borders the four nations of the Democratic Republic of the Congo, the Republic of the Congo, Namibia, and Zambia. Approximately 10 percent of arable land is used for agriculture, with food production falling short of consumer demand, making Angola reliant on imports to meet its needs.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
In marketing year (MY) 2023/24, Colombia's corn and rice production are forecast to marginally increase driven by higher domestic prices and expected normalized weather conditions. However, high production costs continue to be a challenge for Colombian producers.
Colombia’s economy is projected to grow at a slower pace in 2023, restricting a more substantial growth in demand for grains in marketing year (MY) 2022/23. Although the United States continues to be the main sourcing option for Colombian importers of corn given trade preferences under the U.S.-Colombia Trade Promotion Agreement and geographical advantages, increasing competition from Brazilian and Argentinian corn is expected.
Angola’s wheat milling capacity has increased to achieve self-sufficiency with five wheat mills now operating in the country, with milling capacity of up to 1 million metric tons of wheat per year.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
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.
In MY 2021/22, Colombian corn, rice, and wheat demand are forecast to recover as Colombia returns to pre-pandemic economic growth levels.