Rice production in Venezuela will grow 13.6% in the 2023/24 cycle

Rice

Venezuela

Market & Price Trends

Published Jan 30, 2024

Tridge summary

Venezuela's rice production is expected to increase by 13.6% in 2023-2024, yielding a harvest of 292 thousand tons, the highest in eight years, according to the Venezuelan Society of Agricultural and Related Engineers (Sviaa). This follows a recovery that started in the 2019-2020 cycle. However, farmers are concerned about the lack of support, limited public investment in infrastructure, restricted bank credit, tariff-exempt import of finished products, and smuggling.

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Original content

(By Planeta Arroz, with agencies) Rice production in Venezuela will grow 13.6% in the 2023-2024 period, when it is expected to harvest 292 thousand tons, compared to 257 thousand in the previous cycle, according to projections released this Friday to EFE. by the Venezuelan Society of Agricultural and Related Engineers (Sviaa). The president of this organization, Saúl Elías López, guaranteed that the production forecast for this last period, which ends next April, is the “best value in the last eight years”. The rice harvest, after several years of decline, has entered a recovery process since the 2019-2020 cycle, when 140 thousand tons were produced, according to Sviaa. Agricultural producers denounced last year that their activity “lacks support”, that public investment in “productive infrastructure is practically zero” and that bank credit is “significantly restricted”. In September, the Confederation of Agricultural Producers Associations (Fedeagro) highlighted – in a note – ...

Source: Planetaarroz