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.
"Cocoa is to Venezuelans what wine is to the French," says Alejandro Prosperi, head of the Venezuelan Chamber of Cocoa, using this simile to express the paramount importance or the cocoa industry for the country. Often times heralded as "the best cocoa in the world," a passion for quality dating back to the sixteenth century has made Venezuelan cocoa growers to enjoy high prestige at international level and their product to be among the most sought-after in the world.