Stagnant Venezuela's grain output in 2012
Raw material shortage may hit sowing in 2013
Based on the estimates, production in the private sector in 2012 was 1.31 tons of corn (white/yellow), 0.71% more than in 2012. In the meantime, paddy rice gained 7.79% and stood at 695,232 tons. Sorghum output hiked 27% with respect to last year and accounted for 99,670 tons.
The results reveal stagnation in cereal production despite joint efforts of the agriculture sector and, particularly, the Executive Office.
Fedeagro's co-chair Antonio Pestana explained that agrochemicals shortage hit the development of such crops, and improvisation took hold throughout the year. He also stressed that output in 2012 was below expectations.
The outlook for the raining season in 2013 is bleak. Pestana remarked that shortage of raw material could worsen amid a drop in the sale of US dollars by the central bank to companies importing agriculture supplies. This will hit such companies, as they have failed to repay debt with foreign agrochemical suppliers.
Translated by Jhean Cabrera
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.