The U.S. Grains Council released a report “Outlook Colombia 2030” on the opportunities available in the country.
The report focused on the likelihood the Colombian market’s feed imports are likely to increase significantly in the coming years. USGC President and CEO Tom Sleight spoke with Global Update about the impact of the trends.
“The report that we released showed there is a bullish potential for expanding U.S. feed grain exports to Colombia, with Colombia’s corn imports projected to reach 5.5 million metric tons (216.5 million tons) in 2020 and 7.8 million tons (307 million bushels) in 2030,” Sleight said in the interview. “This bullish outlook is due to continued economic growth in Colombia that will expand the middle class and lead to increased per capita meat consumption. To meet this growing demand by 2030, Colombia’s livestock sector is expected to increase output by more than 50 percent from 2014 levels. However, the country’s lagging crop production performance is projected to continue, which will force Colombia’s livestock producers to depend on feed imports to support their expected expansion.”
The USGC hopes to increase their involvement in Colombia to expand its interest in U.S. coarse grains and co-products among Colombian buyers.