Trade and markets
 

Detail

Area
Venezuela
Commodity Group
Grains
Commodity
Wheat
Date
01/03/2017
Policy Category
Consumption and marketing
Policy Instrument
Government market intervention
Description
Enforced a rule that 90 percent of wheat must be destined to loaves rather than more expensive pastries and cakes. This measure aims to combat shortages and long lines for basic products that have characterized Venezuela’s economic crisis for the last three years.