March 25, 2009
Venezuela's disincentives restrict feed grain output
Disincentives to production are restricting Venezuela's food and feed grain production below potential, reports the US Department of Agriculture.
Strong import programmes will be needed to maintain consumption and provide raw materials for the livestock and poultry industries.
In accordance with their "Food Sovereignty Policy", Venezuela has announced plans to increase domestic production but significant imports of basic food and feed grains will be needed to maintain consumption in the coming year and beyond. Lower world grain prices will open up opportunities and the USDA expects trade to continue as some countries are well-positioned to take advantage of it. An expanding livestock sector will also increase demand for other feed stuff.
For more of the USDA report, please click here.
