Colombia: Grain and Feed Annual
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The COVID-19 pandemic negatively impacted household incomes in Colombia, and as a result, affected food consumption patterns. In marketing year (MY) 2021/22, Colombian grain and feed consumption is expected to rebound driven by economic recovery. In MY 2021/22, the United States may continue facing increased competition from South American exporters of corn due to favorable prices under the Andean Community of Nations (CAN) and Mercosur Economic Complementation Agreement. Corn production will remain at 1.5 million metric tons (MT) driven by higher corn prices. In MY 2021/22, rice imports will decrease, primarily, due to large domestic inventories from record production in MY 2020/21. Domestic rice production is forecast to decrease as oversupply put downward pressure on producer prices. In MY 2021/22, wheat imports are forecast to slightly increase following economic recovery.
