New Market Study, "Venezuela Agribusiness Report Q1 2013", Has Been Published
BMI View: The re-election of Hugo Chavez for a fourth presidential term in October 2012 is likely to see a continuation of the interventionist policies of nationalisation and land expropriation. These policies have to date seen a widening gap between domestic production and consumption and an increasing reliance on imports of key products. Data from the Central Bank of Venezuela show that from January to July 2012 the food sector shrank by 8.6% year-on-year. At the same time, private consumption...
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