Colombia is crucial market for U.S. rice industry

Published Aug 21, 2024

Tridge summary

U.S. Department of Agriculture Under Secretary Alexis Taylor led a delegation to Colombia to boost agribusiness trade, with a focus on the U.S. rice industry. Colombia, the largest importer of U.S. rice in South America, imported 140,000 metric tons in the first five months of 2024. Since the U.S.-Colombia Trade Promotion Agreement in 2012, U.S. agricultural exports to Colombia have surged by 237 percent, reaching a record $3.7 billion in 2023. The mission included high-level meetings with potential importers and market briefings, aiming to strengthen relations between U.S. suppliers and Colombian buyers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

BOGOTÁ, COLOMBIA — Last week, U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Alexis Taylor led a group of U.S. cooperators and private businesses on an agribusiness trade mission here. Among the participants was Asiha Grigsby, USA Rice senior director of international promotion for the Western Hemisphere, who played a key role in representing the U.S. rice industry during this critical mission. Colombia, a premier destination for American agricultural products, is the largest importer of U.S. rice in South America. In the first five months of 2024, Colombia imported an impressive 140,000 metric tons of U.S. rice, valued at $62.4 million, primarily paddy rice for further processing and limited quantities of U.S. milled long grain and sushi rice. This highlights Colombia's importance as a crucial partner for the U.S. rice industry, as well as the broader agricultural export market. Since the implementation of the U.S.-Colombia Trade ...

Source: USA Rice Daily