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Country Briefs

  Colombia

Reference Date: 29-June-2017

FOOD SECURITY SNAPSHOT

  1. Cereal output for 2017 forecast to remain at high level

  2. Cereal imports expected to decline during 2017/18 marketing year

  3. Rice prices stable in early June

Cereal output for 2017 forecast to remain at high level

Planting of the 2017 first season cereal crops concluded in early June. Sowing operations benefitted from favourable weather conditions. The early expectations for the rice crop is for production to fall some 3 percent from the 2017 record level. The decrease mainly reflects the calls to producers by the local industry to limit mechanized plantings so as not to over-produce and depress prices. However, reflecting the high local demand and better margins than maize, area planted for rice is anticipated to remain above the five-year average. By contrast, plantings for maize during the first season are anticipated to decline some 15 percent from the same season last year. If plantings and yields during the second season, to be harvested from October, remain at the same level as last year, FAO anticipates that maize output may increase by some 3 percent this year. Cereal production for 2017, assuming favourable weather conditions for the rest of the year, is forecast by FAO at 4.3 million tonnes, virtually unchanged from last year’s bumper level.

Cereal imports expected to decline during 2017/18 marketing year

Cereal imports in the 2017/18 marketing year (January/December) are forecast to decline sharply from their record level last year to 7.2 million tonnes, below the five-year average. The decline mainly reflects lower maize imports due to two consecutive years of bumper crops.

Rice prices stable in early June

Prices of main staple rice were unchanged in early June and remained well below their levels from a year earlier. Prices are being pressured downward by last year’s bumper output and continued flow of imports.

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