The production is increasing at a CAGR of 3.43% during the past five years. Colombian pulses mainly include dry peas, lentils, and chickpeas. The dry pea segment has shown tremendous growth during the past five years, exhibiting a CAGR of 20.03%, concerning acreage, because of high demand for it in the US market.
Colombia Grain Market Share:
The market studied is segmented by type of product into cereal, pulse, and oilseed. These are further sub-segmented into corn, rice, wheat, sorghum, dry pea, lentil, chickpea, soybean, and sunflower, along with their prices and international trade.
Colombia Grain Market Size:
Colombia is one of the top five importers of chickpea in the world, which is advantageous for US suppliers seeking high-demand markets. However, Mexico has an advantage over US producers, because of its shorter shipping routes and because of its sales of Kabuli chickpea, which are considered the best chickpea in the world. For oilseeds, like soybean and sunflower, Colombia largely depends on imports. In 2017, the import value of soy was at USD 213.9 million.
Colombia Grain Market Growth:
The Colombia Grain Market Growth, Robust and
Colombia Grain Market Industry Analysis:
From the Colombia Grain Market Industry Analysis In August 2017, the United States reached an agreement with Colombia to allow for expanded market access for US export of paddy rice.The world’s most significant bakery business, Grupo Bimbo has opened a factory in Colombia in September 2017 to meet the current demand, which is an excellent opportunity for corn and wheat suppliers.
Colombia Grain Market Outlook:
Colombia Grain Market Outlook Colombia is eager for access other markets and has signed Free Trade Agreements (FTAs) with Canada, the South American Common Market (MERCOSUR), the European Union, South Korea, Costa Rica, and a more significant trade bloc, the Pacific Alliance, which includes Mexico, Peru, and Chile. Colombia is awaiting final legislative and judicial approvals for FTAs with Israel and Panama. Colombia is currently negotiating FTAs with Turkey and Japan.
Colombia Grain Market Trends:
In Colombia Grain Market Trends, Adroit Overseas Enterprises
Colombia Grain Market Research Report Includes:
Starting from $2700
Starting from $2700
Starting from $2700
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