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Colombia’s pork producers’ association warned that a proposed increase in VAT on key pork-production inputs, including corn, soybeans, soybean meal and compound feed, from 5% to 19% would raise costs. It says VAT refunds can take six months or longer and has asked for automatic refunds every two months, warning that higher costs could feed through to pork prices and weaken competitiveness against imports.
The higher tax would increase near-term working-capital needs and production costs for Colombian pork producers, potentially supporting demand for cheaper imported pork and raising domestic pork prices. Corn and soybean meal are affected as inputs, but the story does not establish a material change in their market prices.
neivaestereo.coDiego Andrés Marínez PolaníaNov 10, 2026After 37 past bullish policy events, Lean Hogs moved a median +0.0% over 5 sessions (51% higher; middle half -2.8% to +0.9%), and +0.2% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
