The recently release US Grains Council “Outlook Colombia 2030” report found new market development opportunities in Colombia. Opportunities in the market come about, as feed imports are likely to expand dramatically in the country, even faster than historical trends suggested. Colombia’s corn imports are expected to reach 5.5 MMT by 2020, and 7.8 MMT by 2030. The bullish outlook is due to continued economic growth in Colombia that will expand the middle class and lead to increased meat consumption. Colombia’s livestock sector is expected to increase its output by more than 50 percent to meet the demand by 2020. The country’s lagging crop production performance is projected to continue, which means Colombia’s livestock producers will have to rely on imports to support their expected expansion.
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