Venezuela Agribusiness Report Q2 2018

Venezuela Agribusiness Report Q2 2018

BMI View:

The operating environment for Venezuela's agribusiness sector has deteriorated significantly over recent years, due tothe poor macroeconomic climate, a shortage of foreign currency for input purchases, and general government mismanagement.Venezuela's economy will continue to be under extreme downward pressure in 2018 amid low international oil prices and severelyweakened public and private finances. The economy's growing headwinds will weigh on agricultural production and consumption inthe coming years, and we forecast most commodities to stagnate through to 2021/22. We have made a number of adjustments inthis quarterly update to account for the dire situation in Venezuela. Rampant inflation and starvation are depressing theagribusiness outlook of the country, with government mismanagement further deteriorating the situation in the face of a socio-political crisis. Producers of agricultural goods will struggle as rising production costs and controlled prices at the farm level reducemargins. As such, the divergence between Venezuela and its neighbouring countries in terms of agricultural sector developmentwill continue to grow in the coming years.

BMI Industry View
Industry Forecast
Grains Outlook
Coffee Outlook
Livestock Outlook
Market Strategy
Monthly Commodities Strategy
Upstream Analysis
Americas Fertiliser Outlook
Americas GM Outlook
Americas Machinery Outlook
Downstream Analysis
Regional Overview
Five Key Themes For The Americas Agribusiness
Demographic Forecast
Demographic Outlook
Agribusiness Methodology

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook