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In MY 2021/22, Colombian corn, rice, and wheat demand are forecast to recover as Colombia returns to pre-pandemic economic growth levels.
The Hotel Restaurant Institutional (HRI) sector in Colombia is still rebuilding from the mandatory 6-month lockdown that caused serious economic damage across the sector.
On September 9, the Colombian government released a new resolution to decrease its ethanol blend level to four percent (E4), effective September 11. Incremental increases are scheduled in the following 90 days, culminating with E10 by January 2022.
Colombian raw sugar production is estimated to slightly decrease to 2.35 million metric tons (MT) in marketing year (MY) 2019/2020, with no changes in MY 2020/21.