Colombia: Sugar Annual
Link to report:
In marketing year (MY) 2022/23, Colombia's sugar production is forecast to remain unchanged at 2.3 million metric tons (MT). Although weather conditions are expected to return to normal, crop productivity could be affected by lower fertilizer use due to rising prices. Colombia's economy is projected to continue growing in 2022, after a GDP growth of 10.2 percent in 2021, but uncertainty and high food inflation rates will likely slow consumption and trade which are projected to remain flat in MY 2022/23. In calendar year (CY) 2021, Colombia filled the 56,750 MT sugar export quota under the U.S.-Colombia Trade Promotion Agreement (CTPA) and the 30,995 sugar quota under the World Trade Organization (WTO) agreement. Colombia is expected to fulfill its 2022 and 2023 U.S. sugar quotas and additional volume, if demanded.
