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During 2021, the Colombian retail sector recovered and grew, following a challenging year caused by the COVID-19 pandemic. Looking ahead, the sector’s growth is uncertain due to high food prices and a new administration that will assume power in August 2022.
On March 31, 2021, the Government of Colombia issued a resolution to decrease the ethanol blend mandate from 10 percent (E10) to 4 percent (E4) starting on April 1, 2021, then gradually returning to E10 by September 2021.