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

Maize (Corn)

Colombia

Published Jun 30, 2022

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.

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