Delays in Venezuelan seaports results in wheat surplus
Labor conflicts are accountable for fitful supply
Venezuela faces late arrival of wheat imports (File photo)
Monday January 14, 2013 11:56 AM
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.
According to forecasts made in August by National Oceanic and Atmospheric Administration (NOAA), repercussions of El Niño Southern Oscillation (ENSO) phenomenon would be enhanced at least until March 2016.