Delays in Venezuelan seaports results in wheat surplus
Labor conflicts are accountable for fitful supply
Delays to grant permissions to import wheat escalated in the last quarter of 2012 in Venezuela, creating chaos in logistics during wheat-by products highest consumption months: November and December.
Three ships loaded with wheat have been waiting since late 2012 in Venezuela's northern seaport Puerto Cabello to dock and download their cargos.
Monaca is one of the companies reporting the largest wheat stocks. It has been the supplier for the sector's enterprises in view that its plants were shut for more than two months due to a conflict with the company's trade union. Although the plant has resumed operations, the problem has not been solved yet.
So companies that were unable to import or download freight were supplied by Monaca.
Nevertheless, sources in connection with wheat association Asotrigo have informed that Venezuela will be facing wheat surplus this year due to the late arrival of freights. Raw material will then be enough to process wheat flour.
That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.