Venezuela's domestic food production down 1% in the third quarter
Central bank's chair: sustainable growth depends on higher production
From July-September 2012, food, beverages, and tobacco manufacturing dropped 1% with respect to the figures recorded in the third quarter in 2011, the Central Bank of Venezuela (BCV) informed.
Although the figures show a deceleration in the contraction of food, beverages, and tobacco production in the country, it is also true that the activity has slowed down over the last six months.
In the first quarter, the production of food, beverages, and tobacco plummeted 6.9%, with a 9.4% decline in the second quarter.
BCV's chair Nelson Merentes stressed that unlike meat and other products, which are showing growth, production of wheat by-products is facing some difficulties.
"There are some difficulties... In general terms, manufacturing is doing better; sectors and subsectors are being analyzed to overcome such difficulties. Anyway, sustainable growth depends on higher production," Merentes remarked.
Translated by Jhean Cabrera
María Fernanda Astudillo is a store analyst for Alimentos Polar working at the company's facilities in La Yaguara. At only 23 years of age, she has made a career in that company where she has worked for the last six years. Now, besides her responsibilities, which include overseeing shipping/receiving and warehousing of goods, she is taking part in the roundtable discussions among the other companies operating in the La Yaguara industrial park, the Government and the workers exploring possible ways of coping with the order to expropriate the land.