In December 2022, the production of crude palm oil in Colombia reached 131,000 tons. According to Fedepalma, the good performance of production during the 12 months of 2022, showed an increase of 1.2% compared to the previous year, reaching a record figure of 1.7 million tons.
(Palm oil sales up 36% in the first quarter.)
This increase is the result of the productivities registered in both fruit and oil, especially the OXG hybrid material, fertilization practices once oil prices began to improve in 2020 and a greater distribution of rainfall in the different palm regions of the country. .
According to the union, in 2022total sales of palm oil were 1.7 million tons, 78,000 more than the previous year, representing a growth of 4.6%.
When disaggregating total sales, 74% of these were for the local market and the remaining 26% for the export market. In absolute terms, local sales of palm oil reached 1.3 million tons, with growth of 8.6% compared to 2021.
(Sugar, vegetable oils and wheat rose in price: why is it).
for his partthe export market was the destination of 466,000 tons, which shows a decrease of 4.6% at the end of the year. Regarding the classification of local sales by segments, 46.6% went to the segment of traditional companies, while 43.6% and 9.8% were destined for the biodiesel and concentrated food industry and other industrial , respectively.
Finally, it is estimated that the consumption of palm oil in Colombia grew 7.3% and reached a figure of 1.46 million tons in 2022, being the vegetable oil with the highest consumption in the country and sufficiently meeting the national demand in multiple edible and inedible uses.
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