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The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
Colombia is a net importer of many agricultural products and cannot produce the raw materials and ingredients to meet the growing demand of the food and beverage processing industry.
In marketing year (MY) 2022/23, Colombia's corn and rice production are forecast to marginally decrease from the previous year as a result of lower crop productivity due to rising prices of fertilizers and potential supply disruption of these inputs.
In 2016, the Colombian government permitted production and distribution of hemp for medical and scientific purposes. Despite optimal growing conditions and considerable foreign investment, Colombia’s hemp industry still struggles to compete globally due to market oversaturation, overregulation, and climate challenges.
This report outlines Colombia´s food and beverage market conditions, resulting from changes in consumer habits and preferences during the COVID-19 pandemic.
U.S. exporters enjoy a strong position in the Honduran market, thanks to the CAFTA-DR agreement. More than 95 percent of U.S. industrial and commercial goods can enter the country duty free, with the remaining tariffs to be phased out by 2025. Close...
No changes to the regulatory framework or new crop event approvals were reported for Honduras during 2021, a consequence of the COVID pandemic.
Colombia remains open to biotechnology and other innovative technologies. In 2020, Colombia's GE corn acreage grew 23 percent while GE cotton acreage declined 37 percent.
In 2021, despite advantages offered through the United States-Colombia Trade Promotion Agreement (TPA), U.S. rice exports to Colombia have declined to just $5 million through July. The significantly lower exports to this market are a result of a larger Colombian crop and lower domestic prices, plus increased competition from South American exporters.
In marketing year (MY) 2021/22, Post's revised Colombian coffee production forecast is down to 13.8 million bags (1 bag = 60 kilograms) green bean equivalent (GBE), due to potentially heavy rains from the La Niña weather phenomena that is projected to materialize towards the end of 2021 and the beginning of 2022
In MY 2021/22, Colombian corn, rice, and wheat demand are forecast to recover as Colombia returns to pre-pandemic economic growth levels.
The Hotel Restaurant Institutional (HRI) sector in Colombia is still rebuilding from the mandatory 6-month lockdown that caused serious economic damage across the sector.