More than US$300 per ton of corn: Agreed price scheme seeks certainty for agriculture
Minister of Agriculture and Lands, Julio León Heredia, indicated that the Government will promote a strategy of agreed prices, in order to offer certainty to agricultural producers. In this context, León Heredia indicated that after the technical review of cost structures, reference prices for this planting season could be around 360 dollars per ton for white corn and 320 dollars for yellow corn.
TL;DR
- The government will promote an agreed-upon pricing strategy for agricultural products to offer producers certainty.
- Reference prices for white corn are set at $360 per ton and for yellow corn at $320 per ton for the current planting cycle.
- This strategy aims to ensure fair profits for producers and adequate prices for consumers.
- The absolute priority for the Executive is import substitution, as Venezuela still imports six basic commodities costing $2.5 billion.
- The goal is to reach 700,000 hectares of corn cultivation to meet national demand.
- Currently, there are 300,000 hectares of corn and 50,000 hectares of rice under cultivation.
- An early warning has been issued regarding the potential presence of drought and the effects of El Niño phenomenon starting in August.
- Producers are urged to use meteorological precision for optimal labor dates.