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- (-) November 2022
- (-) Malaysia
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While Colombia's regulatory environment remains friendly toward the adoption of biotech-derived commodities and other innovative technologies, Congressional anti-biotechnology initiatives continue posing a threat, risking the benefits to consumers and the agricultural sector. In 2021, genetically engineered corn area planted grew 31 percent, reaching record figures, and genetically engineered cotton area planted recovered 55 percent compared to 2020.
Excessive rains and cloudiness in the last two years have suppressed Colombia's coffee production. In marketing year (MY) 2022/23, Post forecasts Colombian production at 12.6 million bags of green bean equivalent (GBE) coffee. Although local prices remain high, weather conditions are expected to continue affecting crop productivity.
The implementation of Malaysia’s B20 mandate has been officially postponed until the end of 2022. However, it will be difficult for the Government of Malaysia (GoM) to implement the B20 within the current deadline and Post expects the delays to continue into 2023.