Key Market Indicators
Venezuelan grain production is projected to decline to approximately 2.28 million metric tons by 2028, down from around 2.46 million metric tons in 2023. This represents an average annual decrease of 1.2%. The country has experienced a consistent decline in grain supply since 1966, averaging a 0.5% reduction each year. In 2023, Venezuela was ranked 83rd globally in grain production. Ecuador surpassed Venezuela with a production level also recorded at about 2.46 million metric tons. The leading nations in grain production are the United States, India, and Brazil, holding the second, third, and fourth positions respectively in the global rankings.
