Colombia: Grain and Feed Annual
U.S. corn exports to Colombia hit historic trade levels at 3.6 million metric tons (MT) in Marketing Year (MY) 2014 with a trade value of $861 million. U.S. corn dominated the Colombian market supplying 97 percent of imports, displacing export competitors from the Southern Common Market (MERCOSUR). The 2.4 million MT quota for calendar year (CY) 2015 under the U.S.-Colombia Trade Promotion Agreement (CTPA) will likely fill before July 2015. Higher duties on MERCOSUR corn under the Price Band System (PBS) of the Andean Community of Nations (CAN) continue to favor of sourcing U.S. corn.
