Agricultural imports spike to 99.6% in one year
Purchases for the industry of food and beverages leapt 29.9%
According to the National Statistics Institute (INE), in the first half of this year, imports of the sector of plants and animals jumped 99.6% compared the same term in 2011.
Between January and June of 2012, imports of that sector summed up USD 2.5 billion; in the first half of 2011, imports totaled USD 1.26 billion.
INE numbers show that Venezuelan imports advanced 28.3% between the first half of 2011 and the first half of 2012, from USD 15.82 billion to USD 20.30 billion.
Electrical materials got the largest amount of funds, that is, USD 6.40 billion or a hike of 25.8%.
The price of a package of precooked corn flour used to make corn cakes called arepas, a staple food in Venezuela, has been regulated at VEB 19, but production cost exceeds VEB 26. At present both state-run and private plants face the same difficulty of having to produce at a loss. But that's just one of the many obstacles facing those involved in putting the arepa on the Venezuelans plate.