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This report identifies the export certification requirements for agricultural and food products. The Venezuelan ministries issue import permits, import licenses, and register processed food products. This report reflects minor changes from the 2022 report.

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

FAS Manila forecasts marketing year (MY) 2024 raw sugar production at 1.9 million metric tons (MT). Higher prices encouraged more farmers to plant sugarcane and better fertilization is expected to result in higher production. Post expects limited exports to resume in 2024 given high production and high carryover stocks.

Sugar production in Venezuela is forecast to increase by 13 percent to 300,000 MT in marketing year (MY) 2023/24 due to improved access to quality inputs, a reduction in diesel shortages, and higher prices to producers.

FAS Manila estimates beef production to increase slightly to185,000 MT for 2023 because of efforts of commercial farms to increase production. Beef imports are expected to increase slightly to 260,000 MT in line with population growth.

FAS Manila forecasts MY 2023/24 milled rice production will rebound to 12.55 million MT because of increased government funding to the sector, which is expected to increase fertilizer application. FAS Manila forecasts rice imports flat at 3.6 million MT because of increased local production.

As factories have effectively returned to pre-COVID operations, food and beverage manufacturers have purchased more food and beverage ingredients to address domestic consumption. However, elevated inflation of near six percent remains the primary driver of food and beverage spending.

FAS Manila forecasts copra production at 3 million MT for MY 2023/24 because of the coming El Niño and the break from the 3-year productive cycle. Soybean meal imports are projected to reach 2.9 million MT because of expected expansion in the broiler and aquaculture sectors.

At least 1.25 million poor farmers and 5 million indirect beneficiaries will benefit from Adapting Philippine Agriculture to Climate Change (APA), a $39.3-million project approved to foster climate-resilient agriculture (CRA), and develop the Philippine agriculture sector.

In Marketing Year (MY) 2023/24, Post forecasts increases in corn and rice production due to improved access to high-quality agricultural inputs and seeds in Venezuela. However, access to financing continues to be the primary constraint to a significant expansion of harvested area.