Production:

Wheat production in Venezuela is negligible. Venezuela does not have a favorable climate to produce large amounts of wheat, thus all wheat requirements must be imported.

Consumption:

Pasta is a main food staple in Venezuela, with yearly per capita consumption at about 14 kilograms per person, with total wheat consumption steady at about 56 kg per capita per year. Total wheat consumption in MY 2015 is estimated at 1.8 million tons and is forecast unchanged in MY 2016 at 1.8 million tons as pasta and wheat products continue being preferred foods, low-cost basic staples of the Venezuelan diet, and a good alternate protein source for low income Venezuelans. The government is an important pasta and bread distributer and retailer, representing about 40 percent of the market.

Trade:

Venezuela imports wheat mostly from United States and Canada and some smaller quantities from Argentina. Importers had been facing problems due to limitations placed on foreign exchange access from the Exchange Commission, CENCOEX. The delays in obtaining the approval for dollars from CENCOEX continue being a problem for importers, sometimes impeding timely liquidation of payments to suppliers. Sometimes delays with the import procedures and CENCOEX have made some millers to borrow raw material from other companies.

Despite the import problems, in MY 2016, Post estimates wheat imports to continue around 1.8 million tons since wheat products are important to consumers and price controls keep these products within the reach of most citizens. Post forecast wheat imports to remain steady due to the economic situation of the country, but could increase if foreign exchange requests are approved.

Wheat

2013/2014

2014/2015

2015/2016

Market Begin Year

Jul 2013

Jul 2014

Jul 2015

Venezuela

USDA Official

New post

USDA Official

New post

USDA Official

New post

Area Harvested

0

0

0

0

0

0

Beginning Stocks

332

332

533

433

0

456

Production

0

0

0

0

0

0

MY Imports

1,951

1,951

1,800

1,873

0

1,870

TY Imports

1,951

1,951

1,800

1,873

0

1,870

TY Imp. from U.S.

686

686

0

0

0

0

Total Supply

2,283

2,283

2,333

2,306

0

2,326

MY Exports

0

0

0

0

0

0

TY Exports

0

0

0

0

0

0

Feed and Residual

0

0

0

0

0

0

FSI Consumption

1,750

1,850

1,800

1,850

0

1,850

Total Consumption

1,750

1,850

1,800

1,850

0

1,850

Ending Stocks

533

433

533

456

0

457

Total Distribution

2,283

2,283

2,333

2,306

0

2,326

1000 HA, 1000 MT, MT/HA