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- (-) March 2024
- (-) July 2022
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Colombia’s food and beverage industry decreased by two percent in 2023 due to stagnating economic growth.
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.
In February 2024, U.S. exporters regained market access to the Colombian poultry market, valued at over $100 million annually.
During 2021, the Colombian retail sector recovered and grew, following a challenging year caused by the COVID-19 pandemic. Looking ahead, the sector’s growth is uncertain due to high food prices and a new administration that will assume power in August 2022.