Venezuela: Agricultural Biotechnology Annual
Link to report:
The Venezuelan private sector supports biotechnology use and application. Nevertheless, the Venezuelan authority maintains a ban on the domestic use and research of modern biotechnology-derived agriculture. Venezuela’s formal basis for this ban remains through the 2015 Seed Law, which also prohibits genetically engineered (GE) seed imports. However, Venezuela still allows GE-derived product imports, and the United States is the leading supplier, including corn, soybeans, soybean meal, and soybean oil. In 2023, the United States supplied an estimated 955,000 metric tons (MT) of GE-derived products to Venezuela, accounting for 51 percent market share, followed by Brazil and Argentina.
