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Colombia: In January-July, nearly USD 100 million were allocated to import dairy

Published Oct 7, 2021

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Although imports have decreased compared to 2019 and 2020, the high exchange rate has not stopped the continuous entry of these derivatives produced abroad into our country. To date, more than 97 million dollars have been allocated to these purchases. According to the DANE report compiled by the Office of Economic Planning and Investigations of Fedegán-FNG, between January and July of this year 34,354 tons of dairy products have entered for a CIF value of USD 97,353,000. Although this volume is 38% lower than that registered in the same period of 2020 and 15% less than that of 2019, it has already exceeded the annual total of 2014 (27,723 t) and 2015 (31,048 t). (Read: The trade balance of dairy products continues to be in deficit for Colombia) In addition, the average CIF cost per ton is still higher than in previous years: while in 2019 it was $ 2,543 and in 2020 it was $ 2,763, so far this year it has been at $ 2,834, so that these purchases have become more expensive. The ...
Source: MXContexto
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