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In calendar year 2023, Venezuelan agricultural imports dropped 8 percent year-on-year to $2.7 billion. By volume, however, agricultural imports increased 4 percent year-on-year owing to a decrease in import prices. Agricultural imports from the United States totaled $675 million, down 9 percent from 2022.
In MY 2021/22, Venezuelan sugar production is projected upwards to 190,000 MT.
In marketing year (MY) 2021/22, corn and rice production is forecast to increase due to greater area planted and slightly improved yields.