Colombia: Sugar Annual
Link to report:
Colombian raw sugar production is estimated to slightly decrease to 2.35 million metric tons (MT) in marketing year (MY) 2019/2020, with no changes in MY 2020/21. Despite this decrease, Colombian sugar production remains strong compared to the average production from past years due to favorable weather conditions and technology improvements. Sugar exports are estimated to decrease to 750,000 MT in MY 2019/20, and remain unchanged in MY 2020/21. This decrease is driven by safeguard measures imposed to sugar imports by Andean Community of Nations countries. Colombia is expected to fulfill U.S. export quotas under the U.S.-Colombia Trade Promotion Agreement (CTPA) and the World Trade Organization (WTO) agreement. Sugar imports are estimated to increase given lower domestic production and increasing demand.
