Colombia set duty-free imports for maize, sorghum and soybeans


On 9 April 2020, the Government eliminated with immediate effect its import tariffs on maize, sorghum and soybeans until 30 June 2020, with the possibility of an additional three-month extension. This measure aims to reduce the production costs for the poultry and porcine industries. The country depends on imports of these products to meet its needs for animal feed, which makes up to 60 percent of the total production costs. The measure follows a strong depreciation of the country’s currency, which lost more than 10 percent of its value month on month in March. In an effort to promote the cereal sector, the Ministry of Agriculture and Rural Development plans to implement a number of support measures to boost production.

Country: Colombia