Venezuela ranks first in food inflation in Latin America.



Venezuela, where inflation was 119.4% according to official data and 142.6% according to independent agencies, between January and October, and food prices in Latin America with food inflation 157.7% according to the “Food Security, published regularly by the World Bank every month in the country with the highest growth.

Today, a loaf of bread sells for $0.80, a kilo of onions for $2, a liter of sunflower oil for $3.20, a kilo of pasta for $1.5, a block (30) of eggs for $4.5, and a kilo of chicken for $6.

7 million people in the country need humanitarian assistance. Research shows that only 21.9 percent of households in the country did not worry about their kitchen expenses in the past year, 40.7 percent of them skip meals, and 13.9 percent of them cannot eat at least one day.

After Zimbabwe and Lebanon, in the World Bank’s monthly food security report, Venezuela ranks fourth just above Turkey with a 99 percent increase.

The rise in climate shocks, conflicts and the post-pandemic energy crisis is making access to food more difficult, the report notes.

60 percent of food needs are imported

Experts report that since the Ukrainian crisis, access to food is most difficult in countries with low levels of agricultural production and in countries that import staple foods.

Although Venezuela, which has about 30 million hectares of arable land, has the ability to cultivate the land 12 months a year with its tropical climate and wetlands, the area of ​​​​production area is less than 20 percent due to problems such as security, lack of fuel, transport and problems with infrastructure, interruptions in electricity and water in the country.

According to the Venezuelan Confederation of Agricultural Producers (Fedeagro), only 40 percent of the vegetables and fruits consumed in the country can be found.

Fedeagro President Celso Fantinel

Speaking to VOA Turkish, Fedeagro President Celso Fantinel said: “Food prices in Venezuela are 20 to 30 percent below world prices. Reasons for rising food prices include imports of most food, poor agricultural and customs policies, high inflation, and high middleman profits.

Fantinel says the sector, which met 77 percent of food needs in 2010, has almost halved due to the crisis and agricultural policies, and that an annual investment of $1.5 billion over 6 years is required to repair the damage. has experience in the agricultural sector in the process.

Venezuela offered Turkey to cultivate an area of ​​400 thousand hectares on the condition that it would keep 30 percent of the income in the country, after which Turkish officials visited the country and visited some places where agriculture and animal husbandry could be practiced.

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