Colombia: Grain and Feed Annual
Link to report:
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. Conversely, rice production is anticipated to slightly increase to 1.9 MMT milled rice equivalent (MRE) driven by yield recovery, as harvested area remains unchanged due to stabilized prices. With the forecast of low international prices, U.S. corn market share in Colombia will likely remain high, benefiting from trade preferences outlined in the U.S. Colombia Trade Promotion Agreement. Rice imports are forecast to increase given competitive international prices and no major increases in local production, with the United States as the main supplier. Wheat imports are projected to rebound in line with moderate economic growth expectations and consumption recovery. Competition with Canada continues to be the most significant challenge to U.S. wheat market share in Colombia.
