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Venezuela: Low oil export revenues, collapsing supply chains and US economic sanctions will increase food shortages

Predictions

  • Low oil export revenues, collapsing supply chains and US economic sanctions will increase food shortages
  • Evolution of alternative small-scale food distribution networks will not significantly ease shortages
  • Foreign companies will remain highly reluctant to invest in Venezuela, which will prevent any significant increase in local food production

Event

People living in 20 of the country’s 335 municipalities are experiencing “100% food insecurity”, while two-thirds of the population in a further 50 municipalities undergo “moderate or severe” food insecurity, said Anitza Freites, coordinator of the National Survey of Living Conditions (ENCOVI), on 11 November. 

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