Venezuelan oil down to USD 107.09 per barrel
The Venezuelan oil basket reported a USD 1.66 drop per barrel in February 18-22
The result represents a 1.5% drop (USD 1.66) in the oil price per barrel after four weeks of soaring prices.
"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.