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- (-) April 2024
- (-) United Arab Emirates
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This report identifies the export certification requirements for agricultural and food products. The Venezuelan ministries issue import permits, import licenses, and register processed food products.
This report is an annual update of Venezuela’s agricultural product import standards and enforcement mechanisms for U.S. exporters of agricultural commodities, foods, and beverages.
Marketing year (MY) 2024/2025 Venezuelan sugar production is forecast to increase to 373,000 metric tons due to favorable yields, increased access to quality inputs, improved prices for producers and better sugar industry profit margins.
In market year (MY) 2024/2025, FAS (Post) forecasts Venezuela’s corn production to reach 1.36 million metric tons (MMT), 5 percent higher year-on-year due to favorable weather conditions. Production increases are likely to increase despite low international prices and limited financing that will likely discourage expanded planting area.
In MY 2024/25, Post forecasts imports by the United Arab Emirates (UAE) of all wheat, rice, corn, and barley to increase to meet high local demand. Strong tourism, population growth, and expanding poultry and dairy sectors will drive this demand.
The UAE's food processing sector is thriving, driven by robust economic growth and domestic consumption. With 568 predominantly small- and medium-sized food and beverage processors, the UAE hosts over 2,000 food and beverage manufacturing companies that generate $7.63 billion in annual revenue.