VENEZUELA’S KEY BEEF SECTOR SUFFERS AMIDST FINANCIAL TURMOIL
April 14th, 2014
VENEZUELA'S current financial turmoil is compounding problems for the meat industry, where cattlemen and traders alike say they have been severely buffeted by 15 years of socialist rule. "The sector has been bankrupted," said Rubén Darío Barboza, president of the National Cattle Rancher's Federation (FEDENAGA). "It's going to take a serious injection of financing for us to be competitive again." According to FEDENAGA, Venezuela’s beef production plummeted from 407,601 tonnes in 1998 to 360,000 in 2012. The drop has been offset by a surge in imports, ...
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