# The food that would move from a 5% to 19% VAT under the economic rescue bill

> Colombia's proposed Economic Rescue Law would eliminate the reduced 5% VAT rate, moving items such as roasted coffee, refined sugar, chocolate and crude soybean, palm, sunflower, cottonseed, rapeseed and corn oils to the 19% general rate. Fedecafe has voiced strong concern about the proposal.

- Date: 2026-11-03 · published 2026-11-03T07:36:13.073Z
- Category: policy · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/77277-the-food-that-would-move-from-a-5-to-19-vat-under-the-economic-rescue-bill
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A higher tax on crude vegetable oils would reduce Colombian domestic demand and could weigh on edible oil import demand. The effect on feed-grade oils is likely small, but the proposal is still a bearish signal for regional vegetable oil demand.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-03-05 | [EUDR: Is the food industry ready to prove its supply chains are deforestation-free?](https://feedsoft.ai/events/31226-eudr-is-the-food-industry-ready-to-prove-its-supply-chains-are-deforestation.md) | +4.4% | +8.7% |
| PALMOIL | 2022-11-02 | [Tracking deforestation takes tech – and old-fashioned sleuthing \| World Economic Forum](https://feedsoft.ai/events/38689-tracking-deforestation-takes-tech-and-old-fashioned-sleuthing-world-economic.md) | +2.9% | +0.5% |
| PALMOIL | 2017-10-12 | [Malaysia Raises Palm Oil Export Tax To 6.5% For November From 6.0% In October - Nikkei Asia](https://feedsoft.ai/events/68335-malaysia-raises-palm-oil-export-tax-to-6-5-for-november-from-6-0-in-october.md) | +0.9% | +4.1% |
| PALMOIL | 2018-02-28 | [Halting deforestation – a critical contribution from the EU](https://feedsoft.ai/events/66514-halting-deforestation-a-critical-contribution-from-the-eu.md) | -0.9% | -2.6% |
| PALMOIL | 2017-07-19 | [Malaysia to export excess biodiesel products - The Malaysian Reserve](https://feedsoft.ai/events/69838-malaysia-to-export-excess-biodiesel-products-the-malaysian-reserve.md) | +1.4% | +4.0% |
| SBO | 2026-08-25 | [The Policy that May Cause $1 billion in Lost Revenue for Farmers](https://feedsoft.ai/events/15002-the-policy-that-may-cause-1-billion-in-lost-revenue-for-farmers.md) | +8.1% | +2.0% |
| SBO | 2019-06-27 | [NBB Letter to EPA's Wheeler Highlights Economic Damage from Refinery Exemptions - Fuels Market News](https://feedsoft.ai/events/58471-nbb-letter-to-epa-s-wheeler-highlights-economic-damage-from-refinery-exemptions.md) | +0.8% | +1.7% |
| SBO | 2026-08-26 | [ASA Warns Refinery Exemptions Could Cost Soybean Farmers More Than $1 Billion - RFD](https://feedsoft.ai/events/17986-asa-warns-refinery-exemptions-could-cost-soybean-farmers-more-than-1-billion-rfd.md) | +9.0% | +1.1% |

## Sources

- agronegocios.co: https://www.agronegocios.co/mercados/comida-que-pasaria-de-un-iva-de-5-a-19-4515605
- larepublica.co: https://www.larepublica.co/economia/la-comida-que-pasaria-de-un-iva-de-5-a-19-con-el-proyecto-de-rescate-economico-4514959

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.