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Venezuela’s economy is in decline. Three consecutive years of gross domestic product contraction, and more recently hyperinflation, have resulted in a severe economic crisis.
This report identifies the different export certification requirements currently in place by product.
An ongoing, severe economic crisis in Venezuela has led to three years of consecutive, double digit economic contraction and contributed to falling U.S. agricultural product exports to Venezuela....
U.S. agricultural product exports to Venezuela averaged a notable $1.4 billion per year from 2010- 2014.
Venezuela is a significant importer of agricultural products totaling $8.3 billion in 2014, according to data from the Government of the Bolivarian Republic of Venezuela (GBRV).
Continued interest expressed by farmers and agricultural scientists to improve agricultural output via biotechnology has not resulted in a legal framework for either testing or commercializing...
Post expects wheat, corn and rice imports to be tight due to the lack of availability of foreign exchange.
Coffee production in MY 2014/15 is expected to decline by 30 percent compared to MY 2013/14, the largest year-to-year reduction and lowest production level in at least the past 15 years...
The Venezuelan sugar industry expects domestic sugar production to drop in MY 2015/2016, constrained by price controls and limited foreign exchange to import raw sugar.
The lack of agricultural inputs, price controls and rising production costs continue to negatively impact agricultural production in Venezuela.
Post expects wheat, and rice imports to be tight due to availability of foreign exchange.
This report identifies the different export certification requirements currently in place by product.