Venezuela: Grain and Feed Update
Link to report:
FAS estimates Venezuela corn production at 1.36 million metric tons for the new market year (MY) 2024/2025 on a planted area of 350,000 hectares. Significant economic uncertainty persists following the July 28, 2024, presidential election, and higher inflation and a scarcity of U.S. dollars will likely inhibit increased corn acreage and limit yields. The United States has resumed its position as the largest rice and corn supplier to Venezuela for MY 2023/2024 and is the fourth largest wheat exporter. Venezuela rice production for MY 2024/2025 is estimated to increase to 373,000 metric tons milled rice equivalent on a 16 percent increase year-on-year in planted area. Wheat consumption in MY 2024/2025 is expected to remain unchanged as low-priced imported pasta products continue to flood the market.
