Brazilian trade mission in Colombia seeks opportunities in the DDG market

Published Nov 7, 2024

Tridge summary

A trade mission led by the corn ethanol industry is in Colombia to explore business opportunities related to dried distiller's grains (DDG/DDGS), a byproduct of corn processing. This follows the September opening of the Colombian market to Brazilian products. The initiative is a collaboration between the National Union of Corn Ethanol (Unem), ApexBrasil, and the Brazilian Embassy in Bogotá. Since the market's opening, Colombia has purchased 280 tons of DDG/DDGS from Brazil, generating $61.8 thousand in revenue. The mission will include a technical seminar and business meetings, with participation from companies such as FS, Neomille, and São Martinho. Brazil is projected to produce 3.65 million tons of DDG/DDGS by 2024, with 70% for domestic use.

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Original content

Representatives of the corn ethanol industry are on a trade mission to Colombia from Tuesday to Wednesday, with the aim of prospecting business related to dried distiller's grains (DDG/DDGS), a protein-rich byproduct of corn processing. This market was opened to the purchase of Brazilian products in September of this year. The mission is organized by the National Union of Corn Ethanol (Unem), in partnership with the Brazilian Trade and Investment Promotion Agency (ApexBrasil) and the Brazilian Embassy in Bogotá. The initiative began to be planned shortly after the announcement of the opening of the Colombian market, as explained by Andréa Veríssimo, director of international relations and communications at Unem. To date, there has been no formal prospecting in the Colombian market, which prevents Unem from estimating how much Brazil will be able to export to the country in the next 12 months. Since the opening of the market, Colombia has purchased 280 tons of DDG/DDGS from Brazil, ...

Source: Portal Do Agronegocio