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The Venezuelan economic and political crisis continues to influence all sectors of the economy, including agricultural production and trade.

The Venezuelan economic and political crisis continues to influence all sectors of the economy, including agricultural production and trade.

This report is an annual update of the agricultural product import standards and enforcement mechanisms in Venezuela for U.S. exporters of agricultural commodities, foods, and beverages.

The Venezuelan coffee sector is struggling with shortages of fuel, agro-chemicals, and replacement parts. In MY 2020/21, post forecasts continued decreases in production based on input limitations.

Venezuelan sugar production is forecast down to 150,000 metric tons in MT 2020/21 due to shortages of fuel and inputs.

During market year 2020/21, a decrease in production is forecast across most commodities in Venezuela.

An ongoing, severe economic and political crisis in the country has led to hyperinflation and contributed to falling U.S. agricultural product exports.

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.