Browse Data and Analysis

The Venezuelan regime bans the use and research of modern biotechnology-derived agriculture. The United States is currently the leading exporter of biotech-derived crops to Venezuela, including corn, soybeans, soybean meal, and soybean oil.

Grain and feed news is positive this year in Venezuela. The forecast for winter crops is favorable due to sufficient rainfall resulting in above average yields for corn and rice.

Since 2013, total meat consumption in Venezuela has declined 69.1 percent. However, a relatively better economic climate since 2019 has helped stabilized beef production and led to a significant recovery in chicken production.

In MY 2021/22, Venezuelan sugar production is projected upwards to 190,000 MT.

In marketing year (MY) 2021/22, corn and rice production is forecast to increase due to greater area planted and slightly improved yields.

Post expects imports of yellow corn, rice, and wheat to continue strong in My 2014/14, assuming availability of foreign exchange.

Continued interest expressed by farmers and agricultural scientists to improve agricultural output via biotechnology has not resulted in a legal framework for either testing or commercializing biotech

Imports of yellow corn, rice, and wheat are expected to be strong based on rising domestic food demand, continued requirements of the animal feed industry, and reductions in domestic production.