US gains market access to Colombia for bovine meat and bone meal
Meat and Bone Meal (MBM)
Agricultural By-products
Colombia
United States
Market & Price Trends
Published Nov 28, 2023
Tridge summary
The US and Colombia have reached an agreement on importing US bovine meat and bone meal (MBM) to Colombia. This is the first time US bovine MBM products will be allowed in the region. The demand for animal feed ingredients in Colombia is increasing, driven by a growing middle class, steady economic growth, and increased production of protein, providing an opportunity for US MBM exports.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
In October 2023, the US Department of Agriculture’s Plant and Animal Health Inspection Service and the Colombian Institute for Agriculture agreed on import requirements for US bovine meat and bone meal (MBM) to Colombia, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report. This is the first market opening for US bovine MBM products in the region. Growing demand for animal feed ingredients in Colombia With a rising middle class, steady economic growth, and increasing production of protein, Colombian demand for feed ingredients is increasing. This creates an exciting opportunity for US MBM exports. The largest consumer in the animal feed industry in Colombia is the poultry sector, accounting for 65% of total feed imports in 2022. Livestock and swine sectors consumed 25%, and the remaining 10% was destined to aquaculture and household pets. Demand for pork and poultry production grew in 2022 by 2.9% and 7.2%, respectively. ...
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