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In calendar year 2022, Venezuelan agricultural imports grew by 20 percent to $3 billion, driven by an estimated 8 percent economic growth and recovering consumer demand. Agricultural imports from the United States totaled $809 million in 2022, up 28 percent compared to 2021.
Post expects imports of yellow corn, rice, and wheat to continue strong in My 2014/14, assuming availability of foreign exchange.
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 biotech
Imports of yellow corn, rice, and wheat are expected to be strong based on rising domestic food demand, continued requirements of the animal feed industry, and reductions in domestic production.