Soybean Meal in Colombia

A Hot Tip about Agriculture and Animal Husbandry in Colombia

Last updated: 10 Mar 2011

Overview

The oilseed meal supply in Colombia is composed mainly of soybean meal, cottonseed meal, palm kernel meal, and sesame seed meal. All fishmeal used in the country is imported from Perú, Chile, and Ecuador.

 

The CTPA, if approved, will provide for more stable price environment for U.S. soybeans and soybean meal. The CTPA is expected to shift soybean and soybean meal imports from Andean and MERCOSUR countries to the United States as the tariff advantages of those countries are reduced and quality and shipping costs become more important factors in making purchases.

 

Best Prospects/Services

Total domestic consumption of soybean meal and palm kernel meal are forecast to make up 90 percent of Colombian vegetable meal used for animal feed production.

 

U.S. export market share of soybean meal to Colombia dropped 15 percent against MERCOSUR countries in MY2007. Soybean meal exports recovered 6 percent in 2008 and it is expected to maintain a market share at 46 percent in 2009. Higher international prices reduced the price band duty to zero in 2008, but relatively low prices have played in favor of expanding Mercosur exports to Colombia. The economic slowdown is expected to reduce overall demand for feed grains in 2009.

 

Opportunities

The CTPA will open up opportunities for U.S. investors in establishing new oilseed crushing facilities and feed manufacturing plants in Colombia. Also, there may be investment opportunities in transportation and port infrastructure.

 

Read the full market research report

 


Posted: 04 May 2010, last updated 10 March 2011

See more from Agriculture and Animal Husbandry in Colombia

Expert Views    
Grain and Feed Annual in Colombia   By Foreign Agricultural Service
Agricultural Biotechnology Annual in Colombia   By Foreign Agricultural Service
Coffee Production and Exports on Track   By Foreign Agricultural Service
Hot Tips    
Agricultural Sectors in Colombia   By U.S. Commercial Service Colombia
Corn Production in Colombia   By U.S. Commercial Service Colombia