Venezuela: Grain and Feed Update

Three years of economic contraction, hyperinflation and diminishing hard currency for imported agricultural inputs and raw materials will negatively impact production, consumption and trade for all grain and feed products. A diesel shortage in early 2017 complicated the planting season for corn and rice. In May 2017, the Government of the Bolivarian Republic of Venezuela (GBRV) agreed to import 300,000 to 600,000 MT of Russian wheat in MY 2017/18. 

Venezuela: Grain and Feed Update