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Data Analysis

Corn Price in Colombia Surges Because of Low Supply and High Input Costs

Maize (Corn)
Grain & Cereals
Maize (Corn)
Colombia
Price Trend

Summary

The price of Colombian corn increased by 71.95% YoY to USD 0.5/kg in W4 Jun-22. Increased fertilizer costs halted farmers from expanding corn-planted areas and relying more on corn imports. The US, a major corn supplier to Colombia, reduced corn production by 4% YoY in 2022 due to the heatwaves in the Midwest region in June 2022. The supply shortage led the Colombian corn price to surge in June 2022.
Jun 30, 2022
By Putri Aisyah

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