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Colombian sugar production in Marketing Year (MY) 2014/15 is expected to increase a marginal two percent, up to 2.4 million metric tons (MT) after a measurable decline the previous two years.
As of August 15, 2014 the Colombian National Office of Taxes and Customs (DIAN) information on the 2014 TRQ fill rates demonstrated a positive trade trend.
U.S. corn exports to Colombia have dominated the market against Southern Common Market (MERCOSUR) competitors.
Recently reelected Colombian President Juan Manuel Santos appointed Aurelio Iragorri as the new Minister of Agriculture and Rural Development.