Venezuela's domestic food production down 1% in the third quarter
Central bank's chair: sustainable growth depends on higher production
From July-September 2012, food, beverages, and tobacco manufacturing dropped 1% with respect to the figures recorded in the third quarter in 2011, the Central Bank of Venezuela (BCV) informed.
Although the figures show a deceleration in the contraction of food, beverages, and tobacco production in the country, it is also true that the activity has slowed down over the last six months.
In the first quarter, the production of food, beverages, and tobacco plummeted 6.9%, with a 9.4% decline in the second quarter.
BCV's chair Nelson Merentes stressed that unlike meat and other products, which are showing growth, production of wheat by-products is facing some difficulties.
"There are some difficulties... In general terms, manufacturing is doing better; sectors and subsectors are being analyzed to overcome such difficulties. Anyway, sustainable growth depends on higher production," Merentes remarked.
Translated by Jhean Cabrera
At least 30 years had passed since his last visit to Caracas. He had little time to become an expert on moving about in such a complicated metropolis. Whether it was hopping on the subway, finding directions, playing waiting games at public agencies, eating whatever he could and sleeping wherever he could, Guerrero senior had been wandering the streets for 60 days, and thanks to "the boys" he found some sort of relief by way of helping hands.